A few hours ago, an official KuCoin press release was published explaining that the new update of the app adds support to as many as 8 countries from which it is possible to use the exchange on smartphones.
Users from India, Indonesia, Turkey and 5 other countries are now able to register on #KuCoin with their mobile phone. 🤠
— Michael Gan (@gan_chun) December 4, 2019
As can be seen, there are 8 new countries that can register via smartphone, specifically India, Indonesia, Turkey, the United Kingdom, the Philippines, Canada, Thailand and China.
This update of the app is the result of the upcoming 2.0 platform which will offer additional new features, such as advanced APIs, new types of order books and a fee adjustment to make them competitive with other exchanges.
In addition, a 2FA SMS service will also be implemented to increase security.
KuCoin represents a major reality, albeit obviously inferior to the more famous exchanges like Binance. Through these updates, KuCoin is trying to expand in different countries, reaching new users.
KuCoin itself has recently entered into a partnership with one of the giants of tourism in the crypto field, Travala, adding the possibility of using its KCS (KuCoin Shares) token as a payment method for the related services offered by the platform.
It should also be noted that in a recent report on wash trading, KuCoin has shown significant percentages of fake volumes, although less than 50%.
Finally, it is worth mentioning the launch of its OTC (Over The Counter) desk a couple of months ago, allowing for very high amounts to be traded, so as not to affect the market, although it does not yet have a decentralised exchange (DEX) like its competitors.