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KuCoin CEO Johnny Lyu in a conversation today said India is an important market for the company and plans future investment and infrastructure construction in the Indian market. He also revealed massive growth in new users in 2022, with Indian users contributing over 1000% in growth.
Johnny Lyu refutes all rumors including insolvency and pausing withdrawals, layoffs, and exposure to Terra LUNA.
KuCoin CEO Johnny Lyu Refers India as Key Market
In a conversation with a local news media on July 25, KUCOIN CEO Johnny Lyu refers to India as a key market for the company as the Indian users have increased by 1251% in the first half of 2022. Moreover, KuCoin’s CEO announced plans for future investment and infrastructure construction in the Indian market.
Despite the regulatory tightening, crypto tax in India, and the ongoing crypto crisis, KuCoin CEO Lyu sees huge growth and collaboration opportunities in the Indian market. KuCoin recorded nearly 5.6 million in 2022, a 659% growth as compared to the same period last year.
“No matter what the current condition is, as a trading platform which is about to be five years old, we are looking at the future. I believe that through the future investment and infrastructure construction of KuCoin in the Indian market the growth of the Indian market is worth looking forward to.”
