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KuCoin CEO Said The Crypto Exchange Was Prepared For The Bear Market

KuCoin CEO Johnny Lyu revealed that the crypto exchange had prepared for market volatility thanks to its experience in the space.

Johnny Lyu, the CEO of crypto exchange KuCoin, told NASDAQ in a recent interview that the company had prepared for the cryptocurrency winter.

The crypto space has been in a bearish trend for nearly a year now, with the prices of most coins falling more than 60% from their all-time highs.

During the crypto winter, some companies have taken drastic measures such as filing for bankruptcy and cutting their workforce. However, KuCoin has not taken any of these measures.

When asked about their performance in the bear market, Lyu said;

“The significance of the crypto winter is greatly exaggerated. We have been in the cryptocurrency industry for several years, we are ready for market volatility and we know how to deal with it. Since the inception of KuCoin, we have always been ready to make the change and embrace more changes. Because we dare to change, we have built a platform for all types of investors. Because we dare to change, we serve our users as an exchange of people.”

Lyu has been in charge of KuCoin for the past few years and he stated that he enjoys leading the cryptocurrency exchange. He told NASDAQ that;

“It really is a magical feeling! The past five years are living proof of our reliability and safety. The team and I are overwhelmed with a genuine sense of pride. Happy Birthday to all KuCoin users and our employees! We are in the top five, there are more than 700 cryptocurrencies listed on the exchange and we have 20 million users, one million of whom have been with us since the first year of KuCoin operation.

KuCoin was launched in 2017 and remains one of the leading cryptocurrency exchanges in the world.

Regarding KuCoin’s future prospects, Lyu said the company is focused on protecting the interests of its users around the world who want to buy and sell, invest and trade cryptocurrencies.

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