KuCoin, a leading global cryptocurrency exchange, has announced the launch of a $2 billion Trust Project aimed at significantly enhancing user security and platform transparency. Since its establishment in 2017, KuCoin has grown to serve over 41 million users in more than 200 countries. The Trust Project is presented as a promise and a strategic investment designed not only to improve technological security measures but also to empower users within the crypto ecosystem.
KuCoin CEO BC Wong shared that the initiative goes beyond standard security practices, seeking to integrate next-generation technologies such as Artificial Intelligence (AI) to preemptively identify risks, and blockchain technology to provide real-time transparency on reserves. The exchange has previously prioritized user protection through rigorous security infrastructure, earning SOC 2 Type II certification and ISO 27001:2022 certification, marking it as one of the most secure platforms globally.
As part of the Trust Project, KuCoin plans to reward users with the KuCoin Token (KCS), building further engagement within its community. This move comes amid growing concerns in the crypto industry, highlighted by a surge in $4.6 billion of global scam losses in 2024, many involving AI-powered tactics. KuCoin’s commitment seeks to set an industry standard with cutting-edge security protocols including zero-trust architecture and advanced encryption key management.
Additionally, KuCoin is expanding its regulatory compliance by securing multiple licenses worldwide and is actively pursuing further certifications including a MiCAR license in Europe. The Trust Project aligns closely with KuCoin’s mission to cultivate trustworthiness, reliability, and innovation in the crypto space through collaboration with other platforms and community-focused security enhancements.