KuCoin CEO Sees India Emerging as Key Market, Denies Being in Stress

KuCoin counts India as a key market accounting for an “enormous quantity” of 5.6 million new customers it added in the first half of 2022. Indian customers grew by a hefty 1,251% compared to the same period last year. Besides, the crypto trading platform has recruited local talents and has been engaged with initiatives such as Chingari. KuCoin also faced speculations on social media that it might go insolvent – the way Celsius and 3AC, for example, have gone. After the rumors began on July 2, KuCoin witnessed high levels of withdrawals, Lyu admitted.On July 2, CryptoPotato reported that the KuCoin CEO denied that the exchange was going insolvent.