The Ascent Award has recognized KuCoin as the best Cryptocurrency application for enthusiasts in 2022 due to its low commissions, high-security measures, transparency, and customer orientation in operations. Ascent has also pointed out that the KuCoin’s significant user base growth and trading volumes have surpassed $1 trillion in cumulative terms in 2021 and $3 billion in daily turnover for Futures and Spot Trading. These statistics have placed KuCoin in the top five Crypto exchanges on CoinMarketCap and Coingecko.