KuCoin CEO, BC Wong, recently participated in a panel discussion at TOKEN2049, a major crypto industry event. The discussion focused on the future of crypto exchanges and their role in a rapidly evolving landscape.
Exchanges: More Than Just Trading
Wong highlighted the changing role of crypto exchanges, emphasizing that they’re no longer simply trading platforms but crucial pieces of the financial infrastructure. He pointed to KuCoin’s significant investments in upgrading its systems over the past five years. This includes overhauling its wallet architecture, creating a real-time data system, and bolstering security measures. With over 1,000 employees, a majority focused on engineering, KuCoin’s approach prioritizes technical excellence and long-term growth.
Regulation: A Catalyst, Not a Constraint
Wong stressed the importance of proactive engagement with regulators. He noted that many markets now expect regulators to be involved from the very beginning of product development. To meet this need, KuCoin has built a team of over 20 compliance experts, focusing on proof-of-reserve systems and transparent reporting. Wong believes that regulation shouldn’t be seen as a hindrance but as a way to build long-term credibility and trust within the entire financial ecosystem. He reiterated that security remains KuCoin’s top priority.
KuCoin’s Future Plans
Looking ahead, Wong revealed KuCoin’s plans to launch compliant platforms in Europe and Australia later this year. The company also plans to continue expanding its KCS ecosystem to offer more utility and value to its users worldwide.
About KuCoin
Founded in 2017, KuCoin is a well-known global platform supporting digital economies. It boasts over 40 million users and offers a wide range of services, including wallets, trading, wealth management, and more. The company has received several awards, including recognition as one of the top crypto apps and exchanges.
