KuCoin’s CEO Johnny Lyu revealed that the crypto trade had ready for the market volatility because of its expertise within the house.
Johnny Lyu, the CEO of crypto trade KuCoin, advised NASDAQ in a latest interview that the corporate had ready for the cryptocurrency winter.
The crypto house has been in a bearish pattern for practically a yr now, with the costs of most cash down by greater than 60% from their all-time highs.
The crypto winter has seen some firms take drastic measures, similar to submitting for chapter and reducing their workforce. Nonetheless, KuCoin didn’t take any of those measures.
When requested about their efficiency within the bear market, Lyu mentioned;
“The importance of the crypto winter is tremendously exaggerated. We have now been within the cryptocurrency business for a number of years, we’re prepared for market volatility, and we all know easy methods to cope with it. Because the institution of KuCoin, we’ve all the time been able to make the change and embrace extra modifications. Due to daring to vary, we constructed a platform for all courses of buyers. Due to daring to vary, we serve our customers as folks’s trade.”
Lyu has been accountable for KuCoin for the previous few years, and he said that he’s having fun with his time main the cryptocurrency trade. He advised NASDAQ that;
“It’s actually a magical feeling! These final 5 years live testimony of our reliability and security. The workforce and I are overwhelmed with a real sense of satisfaction. Blissful Anniversary to all customers of KuCoin and our staff! We’re within the high 5, over 700 cryptocurrencies are listed on the trade, and we’ve 20 million customers, a million of whom have been with us for the reason that first yr of KuCoin operation.”
KuCoin was launched in 2017 and stays one of many main cryptocurrency exchanges on the earth.
Concerning KuCoin’s future outlook, Lyu mentioned the corporate is specializing in defending the pursuits of its customers all over the world who need to purchase and promote cryptocurrencies, make investments and commerce.