VICTORIA, Seychelles, March 17, 2020 /PRNewswire/ -- On March 17, 2020, KuCoin (https://www.kucoin.com), an IDG-backed crypto exchange, announced today the establishment of KuGroup, and CEO Michael Gan has been appointed as the Chairman of KuGroup. Also, KuCoin co-founder Johnny Lyu has been appointed the position of CEO of KuCoin Global.

New Structure of KuGroup More

With the expansion of KuCoin's services and ecosystem, the management team decided to adjust the company structure and establish KuGroup, which consists of three business groups, namely KuCoin Global, KuCloud, and the KuChain & KCS Business Group.

As the Chairman of KuGroup, Michael Gan will oversee the global strategy of KuCoin Global and put more efforts on exploring the boundaries of blockchain technology with KuChain, a Public Chain powered by KuCoin, and how to integrate the group's businesses with the KCS ecosystem.

"When I was still at Alibaba, I had worked in the AI department of Ant Financial and observed how this cutting-edge technology has been applied to various industries," said Michael Gan. "As a growing number of countries such as India, Korea, and France open its door to blockchain and crypto, the mass adoption will be inevitable and KuChain as well as its ecosystem will largely contribute to this trend."

Before joining KuCoin as co-founder, Johnny Lyu has accumulated abundant experience in the e-commerce, auto, and luxury industry. At KuCoin, Johnny used to lead the listing, business development and strategic investment team, and he is also the main contributor behind Spotlight, Pool-X, and KuCloud. With his new role as KuCoin Global CEO, Johnny will be mainly responsible for the day-to-day operations of KuCoin, KuMEX, Pool-X, as well as the expansion and prosperity of the KCS ecosystem.

Johnny Lyu commented, "KuCoin has proved its value in the crypto space by offering easy-to-use, secured and efficient financial services to users internationally. Over 65 billion transaction volume has been handled so far and we will continue our journey to make KuCoin the best place to trade. Please stay tuned for more updates regarding KuCoin, KuMEX, Pool-X, KCS, and KuChain that will be announced in the next few weeks."

Founded in September 2017, KuCoin has grown into one of the most popular crypto exchanges, and it currently provides a series of financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions around the world. One out of four crypto holders worldwide are with KuCoin.

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SOURCE KuCoin