KuCoin Expands Its Ecosystem; Establishes KuGroup

Kucoin Announces Establishment of KuGroup

Kucoin, a cryptocurrency exchange platform has announced the establishment of KuGroup in an attempt to expand the KuCoin services and ecosystem. The KuGroup comprises of three business groups, specifically, Kucoin Global, KuCloud, and the KuChain & KCS Business Group.

The CEO of KuCoin Michael Gan is appointed as the Chairman of KuGroup. Whereas the Co-Founder of KuCoin, Johnny Lyu is appointed as the CEO of KuCoin Global. 

Being the Chairman of KuGroup, Gan will administer the global strategy of KuCoin Global and establish new plans to explore parameters of blockchain technology with KuChain which is a Public Chain powered by KuCoin. He will oversee how to incorporate the business of KuGroup with the KCS ecosystem. 

Michael Gan stated,

Michael Gan stated

Prior to joining KuCoin as Co-founder, Jhonny Lyu has gained plentiful experience in the e-commerce sector and luxury industry. Previously at KuCoin, Lyu used to lead the listing, business development, and strategic investment team. Apart from this, he is also the main contributor behind the Spotlight, Pool-X, and KuCloud.

As the CEO of KuCoin Global, Lyu is responsible to keep a check on the day-to-day operations of KuCoin, KuMEX, Pool-X. Along with this, he will keep a look at the expansion, security of the KCS ecosystem. 

On talking about it further, Lyu stated,

Lyu stated

KuCoin was founded in September 2017 and within the span of just 3 years, it has evolved as the most popular crypto exchange platform. Currently, KuCoin is offering a series of monetary services which include fiat-to-crypto, crypto-to-crypto, staking, token launch to more than 5 million users spread across 207 countries around the world.