Be aware of FUDs, says KuCoin executive

The chief executive officer of the KuCoin crypto exchange responded to the rumors, spreading against the exchange. 

KuCoin is a popular crypto exchange. This exchange is standing at 5th rank, thanks to its quality & expanded crypto services. This exchange provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to more than 18 million crypto Investors in more than 200 countries since 2017. 

As all of us know very well that the current situation of the crypto industry is not good and almost every crypto asset is facing significant corrections in its prices. In May, we saw the collapse of the Terra ecosystem, where both of the native tokens of Terra blockchain touched ground price. In June, we saw an outflow of funds from the majority of the crypto lending platforms & platforms like Celsius, BlockFi suspended services like withdrawal & trade. All these things created panic among the crypto investors toward every crypto lending platform. 

KuCoin exchange also provides crypto lending services, so FUDs against KuCoin exchange were usual. An example of a fud against the KuCoin exchange can be seen in the below-attached tweet.

KuCoin CEO took to Twitter and suggested people remain away from the FUDs and also confirmed that all operations of the exchange are operating smoothly because the exchange is financially healthy.

“No “immense suffer” from any “coin collapse”, no plan to halt withdrawal, everything on KuCoin is operating well.”

Further KuCoin CEO said that the exchange always keeps its operations transparent to the customers. He also promised that the exchange will soon publish its 2022 H1 report to ensure that operations of the exchange are going smoothly. 

KuCoin CEO also said that the exchange has the right to take legal action against those people, who are spreading fake FUDs against the exchange.

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