Explore Companies BySectors & Categories
Explore Companies ByUse Cases
Explore Companies ByProducts & Services
Explore Companies ByRankings & Reviews
Featured NewsCompaniesMarketsCryptoTechRegulatoryCommentaryUKUSWorldMore

    Latest Wires

      Daily Newsletter

      LF Daily News

      Daily industry focused newsletter giving you an overview for the financial & finTech industry.

      See All Newsletters
      By clicking "Sign Up" you are agreeing to our Terms of Service and Privacy Policy

      KuCoin introduces compulsory KYC

      Published: just now

      KuCoin introduces compulsory KYC

      June 28, 2023 -  Crypto Exchange KuCoin, is upping its compliance game to meet international regulatory standards by enforcing KYC for all new users. This move, due to be effective from July 15, 2023, is designed to strengthen user account security, foster a secure trading ecosystem, and meet stringent international compliance requirements.

      New users will have to navigate the upgraded KYC framework from their first interaction with KuCoin. Post-July 15, all newcomers to the platform will have to complete their KYC procedures before they can use KuCoin's wide range of services and products. This is a decisive step towards ensuring transparency and accountability on the platform.

      Existing users of KuCoin who have not yet completed their KYC procedures will find their service access limited. These users can still perform Spot trading sell orders, Futures trading deleveraging, Margin trading deleveraging, KuCoin Earn redemption, and ETF redemption. However, they will be unable to avail of deposit services, though withdrawals will remain operational.

      Johnny Lyu, CEO of KuCoin, emphasized the exchange's commitment to its users' asset security and compliance with international regulations. He stated, "As a globalized exchange, KuCoin has always prioritized the security of users' assets. With the development of the cryptocurrency industry, crypto has gradually moved from a geek towards mass adoption. However, this process has also brought about certain security issues concerning on-chain assets."

      According to Lyu, the strengthened KYC rules are a direct response to these emerging security issues and part of a larger effort to ensure the ongoing safety and security of all cryptocurrency users on the platform.

      Despite the changes, KuCoin assures its users that their assets will remain secure throughout the upgrade period. The exchange remains committed to improving its services and has urged users with queries or concerns about the KYC adjustments to reach out via their support center, join the Telegram group, or get in touch with the online customer service team.

      For further details on this change, KuCoin has asked users to refer to its blog. 

      We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
      Comments
      Most Recent
      Written By
      profile image formember on LiquidityFinder
      Founder & CEO, LiquidityFinder

      Founder of LiquidityFinder. 25+ years in Financial Markets technology. Now building the world's financial markets social network / marketplace.

      Daily Newsletter

      LF Daily News

      Daily industry focused newsletter giving you an overview for the financial & finTech industry.

      See All Newsletters
      By clicking "Sign Up" you are agreeing to our Terms of Service and Privacy Policy
      RSS Feeds

      Create a custom RSS Feed

      Select the categories and companies you wish to follow directly to your person rss feed.

      Create Custom RSS Feed

      Related Categories:

      Related Tags:

      #KuCoin#KYC#JohnnyLyu#CryptoCompliance#UserSecurity#CryptoExchange#Regulation

      Related Articles:

      Find The Right Partners for
      Your Trading Business

      Sign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!

      Create Your FREE Account
      Get access to latest news, updates, real-time data, brokerage and trading firm insights and customized information feeds.

      Multibank FX aggregation service FXSpotStream (@FXSpotStream) reported an overall average daily volume (ADV) of USD 163.217 billion for October 2026.

      just now

      Eurex Clearing is to bring native digital instruments into its existing clearing framework. It says this will make it the world’s first hybrid central counterparty (CCP).

      just now

      Brazil-based PropHub has secured strategic backing from Merchant Seven and private investors to expand its modular trading technology, strengthen sales and marketing, and accelerate international growth.

      just now

      Devexperts hosted its first Trading Industry Leaders Lunch in Jakarta on 29 October, with more than 30 Indonesian capital markets figures discussing investor confidence, market integrity and trading infrastructure, following Bappebti approval of its flagship DXtrade multi-asset trading platform in August 2026.

      just now

      Spotware Systems will be present at The Trading Festival Mexico 2026 on 12–13 November at the World Trade Center in Mexico City, Booth B1, introducing the latest updates to its flagship platform, cTrader.

      just now

      Capital.com's Singapore unit is now listed by the Monetary Authority of Singapore as a Capital Markets Services licensee, with permissions covering securities, collective investment schemes, OTC derivatives and custody. The entry names former IG Singapore head Tony Lim as chief executive of the Singapore entity.

      just now

      ICM MENA has promoted Firas Bechwaty to Head of Business Development. He joined in July 2022 as Business Development Executive and became Business Development Manager in August 2024. He previously worked in account management for over five years. Shoaib Abedi, Founder and Chairman, ICM MENA, commented on the promotion.

      just now

      Euronext's Supervisory Board intends to nominate NN Group CEO David Knibbe as Chief Executive Officer and Chairman of the Managing Board at its AGM on 20 May 2027, following Stéphane Boujnah's decision to step down. The appointment requires approval from regulators, the Dutch Minister of Finance and Euronext shareholders.

      just now

      Americans vote on November 3 for all 435 seats in the House of Representatives and a third of the Senate. The presidency is not on the ballot, which means any new Congress will still need the President's signature to turn bills into law. Markets care about the midterms less for the laws that follow and more for what changes in oversight, budgets and the regulatory mood of Washington.

      just now
      Feed