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KuCoin said it recorded more than $2 trillion in combined spot and futures trading volume and added approximately 9.75 million new registered users from January through June 2022. Those figures come from the exchange’s own July 7, 2022 review, not from an independently verified audit.
What KuCoin reported for H1 2022
In its July 7, 2022 H1 review, KuCoin wrote: “In the first half of 2022, KuCoin’s trading volume, including spot and futures trading, has exceeded $2 trillion, an increase of 180% compared to the same period in 2021.” The company did not name an individual speaker for the statement.
The review covers January through June 2022. Its figures describe the exchange’s reported activity during that period; they should not be read as current performance or as independently audited results.
Trading volume: spot and futures combined
KuCoin reported that combined spot and futures volume exceeded $2 trillion in H1 2022, 180% higher than in H1 2021. It also said that daily volume peaks in May reached $11 billion for spot trading and came close to $23 billion for futures trading.
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Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallThe $2 trillion figure combines two different types of activity. It is not a spot-only total, a futures-only total, or an estimate of customer assets held on the platform.
Users: new registrations and reported total
KuCoin said it added approximately 9.75 million new registered users during H1 2022, an increase of 219% compared with the same period in 2021. It reported more than 18 million users worldwide overall.
These are registration figures, not a count of users shown to be active during the period. The company’s review does not establish how many registrants traded, how frequently they used the platform, or how many accounts remained active.
Regional results reported by KuCoin
KuCoin gave regional trading-volume totals and growth rates for H1 2022, alongside regional new-registration figures. The measures should be compared by type: trading volume against trading volume, and new registrations against new registrations.
| Region | Trading volume reported for H1 2022 | Year-over-year volume growth | New registrations or registration growth |
|---|---|---|---|
| Europe | $481 billion | 381% | New-user growth of 142% |
| Latin America | $453 billion | 189% | New-user growth of 216% |
| Africa and the Middle East | $392 billion | 152% | New-user growth of 152% |
| Asia | Not stated in KuCoin’s H1 review | Not stated in KuCoin’s H1 review | About 5.6 million new users, up 659% |
All figures in the table are claims in KuCoin’s H1 review. For Europe, Latin America, and Africa and the Middle East, the volume-growth percentages compare with the same period in 2021. The review reports registration growth rates for Latin America, Africa and the Middle East, and Europe; for Asia it gives an approximate number of new users and their year-over-year growth.
Hiring and financing
KuCoin said it hired nearly 400 people in H1 2022, bringing its workforce to more than 1,000. The company also described a $150 million pre-Series B financing round in May at a $10 billion valuation. These are company-reported staffing and financing details, not independent measures of exchange performance.
How to read the results
- They are historical. The report covers the first six months of 2022 and does not establish KuCoin’s present-day volume or user count.
- They are company claims. The figures were published by KuCoin; no independent audit or verification of its underlying calculations is established here.
- Registration is not activity. The new-user and total-user figures refer to registered users, not necessarily people who traded or used the service during H1.
- Volume is not a measure of assets or profitability. The reported $2 trillion is trading volume, combining spot and futures transactions. It does not by itself show customer balances, revenue, or profit.
What KuCoin reported later in 2022
In its January 19, 2023 annual review, KuCoin later reported more than $3.6 trillion in spot and futures trading volume for all of 2022 and more than 27 million registered users by year-end. These are separate full-year company-reported figures; they do not revise or replace the H1 snapshot.
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