Recap of the live AMA with Kucoin CEO Johnny Lyu tehMoonwalkeR Follow Mar 19 · 9 min read

Community:

lets start by a short intro of yourself and how you came to be the CEO of kucoin? :)

Johnny Lyu CEO Kucoin

Hello everyone, Johnny from KuCoin here. As you might know, we recently announced the establishment of KuGroup and Michael moves to the chairman of KuGroup, I will take over the role of KuCoin Global CEO

Actually I joined KuCoin as the cofounder in 2017, I used to manage the listing, BD and investment team of KuCoin

We know we have lots of supporters in this group, so very happy to be here today to meet all of you

Thanks a lot for your always support and feel free to let me know your thoughts and suggestions for KuCoin

Maybe we can start with a red envelope 🙈

Community:

would love the OCO order feature on Binance to be implemented on KuCoin

Johnny Lyu CEO Kucoin

Will check with our devs to see how it goes

Community:

ok lets start, how do you see the current market conditions, and what does it mean for kucoin atm?

Johnny Lyu CEO Kucoin,

Well, as we all can see, the global financial market is performing poorly recently, due to the coronavirus. BTC and most major tokens dumped a lot. But from our point of view, people are over-react on this

The whole market is waiting for two things, 1) recovery of the US stock market, and 2) new good news for the crypto market

Our recent announcement about KuGroup for instance, bringing some confidence to the market, and that’s why we saw positive movements for KCS and other tokens in this week

I believe many of you are investing for the long-term and the price will gradually return to the value.

Community:

send it!

Johnny Lyu CEO Kucoin

hahah sent already but more to come

Community:

can you lay down, what exactly this KuGroup announcement mean for the exchange and the future of it?

Johnny Lyu CEO Kucoin

We made this adjustment because of the development of our businesses. in early 2019, KuCoin only offers crypto-to-crypto service while we now offer a series of financial services including fiat-to-crypto, futures, staking and more. With this change, we will be able to further expand our services into new areas, KuChain, KuDEX, KuCloud and more

Community:

What are Kuchain top priorities for now ? And what steps will be taken in the future ?

How do you manage to implement your key features when it comes to mass adoption?

How can Kuchain be sure that validated files are not fakes?

Johnny Lyu CEO Kucoin

KuChain will be a trully decentralized publich chain. We are now working on the testnet and hopefully it could be launched in Q2. We will soon release more details and open the community for developers

Community:

I don’t know how confidential it is to ask about this: as a company, were you prepared or insured for big drops in the market like the one from several days ago?

Johnny Lyu CEO Kucoin,

I think exchanges won’t be suffered a lot from these market moves as the trading volume is often in line with the fluctuations. But such drop will effect our users like many of them may lose confidence on crypto. We would suggest our users to invest for the longterm

Community:

Is Kucoin easy for new users? What are the highlights that attract users of Kucoin?

Johnny Lyu CEO Kucoin

Yes, super easy. We now support 15 languages, 22 fiats, and we have many new features to help new users get on board. For instance, KuMEX lite might be the most user-friendly futures trading platform

Community:

What security measures do you have to ensure that all assets stored in your wallet are safe and secure?

Johnny Lyu CEO Kucoin

Yes good question. We have many security mechanism to protect our users and our system is quite stable and reliable. And we are working with many security company like Chainalysis and white hats to improve our security level. I cannot say too much as the hackers may watch as well. But for sure that trading on KuCoin is pretty safe. Let me know if you have any suggestions to make KuCoin safer 🙂

Community:

If Investors need to fully consider the market, who are which target group of audience are you after? And How do you convince them on joining?

Johnny Lyu CEO Kucoin

All traders are welcomed of course, while I think KuCoin is a better suit for people who believe in crypto. We often list projects with really good tech background and business ambition. The price of their token may not pump in 1–2 days, but their value will gradually reveal. That’s why we call them hidden gems

Community:

What plans do you have to increase liquidity on Kucoin?

Johnny Lyu CEO Kucoin

I think for most major coins like BTC or ETH, the liquidity is pretty good on KuCoin. Take BTC/USDT for instance, the spread is only 0.1 USDT for most of the time. But for some altcoins, the liquidity is not good enough. The team is working on it and hopefully it can be improved in Q2 & Q3