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Kucoin platform has seen African-based users surge by 200% in the first 10 months of 2021. The CEO of the platform has revealed some interesting facts about the continent which is seen lagging in many metrics from the rest of the world.
The Crypto industry is making progress on different levels and solving world problems. If any of you is thinking that how crypto is solving the problems, then wait for my explanation. The African continent is famous for currency woes and hyperinflation. The crypto market has emerged as an alternative store of value. These days, crypto is the preferred means of sending remittances or for making cross-border payments.
Kucoin platform has seen African-based users surge:
In other words, cryptocurrencies have real uses in Africa besides trading. However, as Johny Lyu, the CEO of Kucoin — one of the biggest crypto exchanges in the world — observes, many African cryptocurrency users or holders are starting to become more interested in the trading side of things. Kucoin platform has seen African-based users surge by 200%. The CEO has answered some questions sent to him via Linkedin.
Kucoin platform has seen this surge of users and these users keep their eye on the coins like BTC, ETH, SOL, KDA, and LUNA. Although spot trading holds a big margin of 60%, margin trading is also getting popular. In addition to the increase in traffic, the number of Kucoin’s new African users has also shown explosive growth, showing a new wave of traditional capital pouring into the crypto world.
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