Topic: Why Kucoin's trading volume is very low? (Read 261 times)
I think people prefer a safe place to store their assets, I don't say kucoin is not safe, but people are more confident in exchanges coming from their country, or they are more confident in larger exchanges like Okex and binance. I think people only use kucoin to buy coins at a lower price than other exchanges, after that they move to keep their assets in the exchange they like.
Actually Kucoin is good exchange it also have an mobile app for on the go trading and yet i am agree that it has lower trading than others.
I think Kucoin need to additional marketing campaign by doing roadshows in major cities to increase its exposure to the traders as the platform of kucoin is stable, consistent and running smoothly.
I think Kucoin need to additional marketing campaign by doing roadshows in major cities to increase its exposure to the traders as the platform of kucoin is stable, consistent and running smoothly.
I really love Kucoin exchange which has many advantage for trader. Alot of potential altcoin are listed on this exchange. The low volume of Kucoin can explain because this is the new exchange and it need more time to attractive traders. I think in the end of 2018, Kucoin will be go to the TOP20 biggest exchange in cypto
It's not only Kucoin's volume is low. Bittrex volume is very low too. And on a lot of xchanges as well. Just a general market cycles thing imo.
I think because their services are not excellent. They promises to distribute the airdrops within a month but it turned out the holders haven't received anything for more than half a year!
There are more than 200 exchanges in crypto market now, so this make so many competition between them, and to be top 10 exchanges should be has better marketing and offer interesting product to customer. Many trader now need more feature in crypto exchange. I also not use Kucoin because they dont have trigger order function, and i think they should be add it because many trader need it in trading activity to minimum the risk of trading.
I think that Kucoin is still relatively new exchange, that's why trading volume is very low, but it has earned good reputation during this time. The trading volume will gradually increase as more and more people start using it.
Obviously it can not be compared KuCoin exchange to HitBtc because in the first place KuCoin is newly establish coin exchange in a cryptotrading and infact you can not made its name directly due to many exchange site are competed at this increase trading exchange too plus other trading exchange has been developed in the blockchain at this moment. Perhaps to HitBtc which is already established and known for more than a year.
New Exchange may time to grow in crypto market all of sudden the Kucoin trading exchange will be successful and virally accepted by many traders
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Personally, I still haven't tried trading on kucoin exchange because I'm satisfied with the service that Binance giving to me, so I can't say what are the things that kucoin are lacking. Being a new cryptocurrency exchange should not be a reason why the volume is low. If the service of that exchange is good, the system security is strong and website is always up then traders will come. And another thing, I'm not really sure but I think kucoin and binance both started last year, but if you will compare the current volume of this exchanges, it clearly say that are things that people don't like about that exchange. There's a lot of competition and a lot of incident of an exchange being hacked so people are now careful on what exchange they will trust.
I think there are multiple reasons for it. First is that it has a lot of powerful and reputable rivals. People use services of Binance, Bittrex, and others. For the second, multiple new projects use Kucoin to list their tokens after the ICO to increase their tokens price, as Kucoin is consider is one of the top reliable exchanges. So, holders of these new tokens hold them until they are listed on Kucoin, wait for the price to pump, then sell all their tokens, receive some BTC or ETH and withdraw it to their accounts on the top exchanges. Thus, stopping trading on Kucoin. That's it, I guess. And the third negative thing about Kucoin is that it started to require compulsory verification. People prefer using Binance, as it allows to trade without verification up to 2 BTC, instead of sharing their personal information and documents.
thank you so much!
although sometimes Kucoin has a small trading volume but I think kucoin is one of the best trades and as long as I use it the kucoin has never had a problem.
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Ku coin is a good exchange but it does not mean that it needs to have the number one volume. Hitbtc had already been around for a while before kucoin was created. Therefore, there is nothing we need to consider about this. Kucoin will have a bigger volume once it becomes more popular
HITBTC operated since 2013 but Kucoin less than 1 years, can be Kucoin has lower volume because many trader dont like the interface, and they should increase their Promotion program. Actually Kucoin is good exchange, but trader prefer to chooce Binance because can be has more nice interface and higher volume.
Kucoin need more advertising and offer good program to attrack trader. Now too many new exchange so will many competitor and all exchange should be offer good customer support and other product. If the exchange not make any inovation to attrack member, their volume can be decreased like other exchange Bittrex,Poloniex, etc.
actually kkoin exchange is pretty good only there are some services that are not there and there are in other exchanges so kucoin less desirable many people. Now we think like this kucoin is a fairly new exchange when compared with others when there is a new exchange but the service and limitations of the coin is still good with the old exchanges for what we use the new exchange. However, if there is a renewal and some services improved, the user may increase.
HitBTC is a Chinese exchange I think and Chinese exchanges have been known to inflate their volume numbers. Also Kucoin has being copying the Binance exchange and thus hasn't been able to create its own niche, due to which most of the people go with Binance as it is more secure and has higher volume and also the whales are mostly on Binance who drive most of the volume.
@OP, you answered your question. Kucoin must have obviously low volume because it is a new exchange than hitbtc which been on the space for 4 years and one of the TOP 10 exchanges. Kucoin has the potential, it's just that people are more comfortable using older exchanges than the new ones, what Kucoin need is to have better Customer Support and continue to increase their security, success is not far.
I think it's also part in fact due to the servers for kucoin not being too good, if you have ever really tried to use their exchange you would notice that during massive price changes the servers would be slow, would crash, or would otherwise impede your ability to trade. They also don't have the same (amazing) customer service that companies like binance put out -- and that is going to be limiting in a time where people are REALLY scared that their exchange is going to run away with their money.
Binance has been able to take over due to the fact that they have an amazing team of customer service, amazing servers, and an amazing GUI. If there is ever a problem you will find out by the CEO from binance pretty quickly, while these other exchanges take a good amount of time to do this.
Binance is amazing, which kills it for competitors. Though high withdrawal fees may be a way for KuCoin (and other competitors) to take some of the market share from binance.
@OP, you answered your question. Kucoin must have obviously low volume because it is a new exchange than hitbtc which been on the space for 4 years and one of the TOP 10 exchanges. Kucoin has the potential, it's just that people are more comfortable using older exchanges than the new ones, what Kucoin need is to have better Customer Support and continue to increase their security, success is not far.
Jump to: