CEO of KuCoin Disputes Reports of Massive Layoffs
CEO Johnny Lyu claims KuCoin intends to increase its present employment by 30% rather than lay off employees. The rumor that the cryptocurrency exchange KuCoin had joined certain rivals in drastically reducing staff size due to deteriorating market circumstances was refuted. Instead, the company will continue to hire, according to CEO Johnny Lyu. A fresh […]
KuCoin raises $150M in Series B funding to launch DeFi products in 2022
Following the recent $150M fundraising, global cryptocurrency exchange KuCoin hopes to move beyond centralized trading services and focus on DeFi, NFTs, and Web3. On May 10, the cryptocurrency exchange announced a $150 million pre-Series B investment round, valuing the company at $10 billion. According to CEO Johnny Lyu, he said that the latest fundraising round […]