• Trading Name: KuCoin
• Legal Entity: FLASHDOT LIMITED, formerly known as “Phoenixfin Limited,” PEKEN GLOBAL LIMITED, and PHOENIXFIN PRIVATE LIMITED 
• Activities: Cryptocurrency Exchange
• Location: Cayman Islands/Seychelles/Singapore
• Regulations:  unregulated
• Key People: Chun Gan and Ke Tang

Offering

KuCoin provides a platform for buying, selling, and storing various cryptocurrencies, catering to both novice and experienced traders.

Offerings provided by KuCoin, the cryptocurrency exchange:

• Trading and Investment Options:

  KuCoin offers a variety of trading and investment options, allowing users to buy and sell crypto with as little as $1.

• Key offerings include:
  • Zero-Fee Conversion: Easily convert between different cryptocurrencies without worrying about fees.
  • Spot Trading: Trade cryptocurrencies directly at current market prices.
  • Margin Trading: Leverage your positions for potentially higher returns.
  • Futures Trading: Engage in futures contracts for speculative trading strategies.
• Inclusiveness and Community Focus:
  • KuCoin is user-oriented, emphasizing inclusiveness and community action.
  • They provide services to over 30 million users in more than 200 countries and regions.
  • KuCoin supports over 800 digital assets, making it a leading platform with extensive altcoin offerings¹.
• Initial Exchange Offerings (IEOs):
  • KuCoin hosts Initial Exchange Offerings (IEOs), where crypto projects offer their tokens for sale on the exchange.
  • As an intermediary, KuCoin facilitates token sales, providing a platform for startups and projects.

Serving Industries

• Global Reach: KuCoin operates in over 200 countries, serving a global user base.
• Crypto Enthusiasts: Their services cater to crypto enthusiasts, traders, and investors seeking reliable exchange options.

Regulation and Compliance:

• KYC Implementation: KuCoin has made Know Your Customer (KYC) procedures mandatory for users, aligning with industry trends and regulatory requirements.
• FIU Compliance (India): As India’s first crypto exchange to comply with the Financial Intelligence Unit (FIU-IND) requirements, KuCoin adheres to anti-money laundering regulations.

Customer Reviews

Trustpilot: Trustpilot has identified that this company has received fake reviews and have removed them.

News

Following the Binance path, the U.S. Attorney’s Office for the Southern District of New York, in conjunction with Homeland Security Investigations (HSI), has unveiled charges against the global crypto exchange KuCoin and its founders Chun Gan and Ke Tang, both Chinese nationals. The indictment, unsealed on March 26, 2024, accuses them of conspiring to violate the Bank Secrecy Act and operating an unlicensed money-transmitting business.

Conclusion

Due to the fake customer reviews and the accusation levels we KuCoin on RED