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which country owns kucoin
Johnny Lyu, a Chinese entrepreneur, owns a majority stake in KuCoin, a cryptocurrency exchange headquartered in Seychelles.
Oct 27, 2024 at 09:04 pm
Who Owns KuCoin?
KuCoin is a cryptocurrency exchange headquartered in Seychelles with offices in several other countries. Johnny Lyu, a Chinese entrepreneur, is the founder and CEO of KuCoin.
History of KuCoin
- 2017: KuCoin was founded in September by Johnny Lyu and a team of experienced blockchain professionals.
- 2018: KuCoin launched its first exchange platform, offering a variety of cryptocurrency trading pairs and features.
- 2019: KuCoin raised $20 million in Series A funding, led by IDG Capital and Matrix Partners.
- 2020: KuCoin launched its KCS token and established the KuCoin Spotlight program to support promising cryptocurrency projects.
- 2021: KuCoin became one of the top 10 cryptocurrency exchanges by trading volume.
Ownership Structure of KuCoin
The ownership structure of KuCoin is as follows:
- Johnny Lyu, the founder and CEO, owns a majority stake in the company.
- Other investors, including IDG Capital and Matrix Partners, hold minority stakes.
- KuCoin employees and community members also hold a small portion of the company's equity through the KCS token.
Expansion and Partnerships
KuCoin has expanded its operations globally, with offices in Singapore, Malta, and Hong Kong. The exchange has also formed partnerships with various cryptocurrency projects, payment providers, and financial institutions to enhance its services and expand its customer base.
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