transparency

Bitget released the transparency report for May, with a spot trading volume of 107 billion USD

ChainCatcher news, Bitget released its transparency report for May 2025, showing that the platform's total trading volume increased by 21% month-on-month, with contract trading growing by 26% and spot trading volume reaching $107 billion. According to data from The Block, Bitget ranks third in global spot trading volume, behind Binance and Bybit, with a market share of approximately 8.9%.In the same month, over 500,000 new registered users were added, and the cumulative new users in Q2 surpassed 2 million. The comprehensive reserve ratio reached 192%, and the platform's protection fund size rose to a historic high of $725 million, continuously strengthening the security of user assets.In terms of product innovation, Bitget launched the yield-bearing asset certificate BGUSD, supported by real assets such as U.S. Treasury bonds, and introduced a live streaming feature to integrate content sharing and trading interaction.Additionally, Bitget continues to promote public welfare initiatives. Its Blockchain4Youth education program has covered over 70 countries globally, benefiting more than 8,000 young people. The platform also participated in supporting Google's "Build With AI" hackathon, providing emergency assistance to earthquake-affected areas in Myanmar, and expanding Starlink satellite network coverage in the Philippines to promote digital infrastructure development in remote areas.

KuCoin launches the "Trust Plan": commits to invest $2 billion to comprehensively upgrade platform transparency, security, compliance system, and KCS ecosystem

ChainCatcher news, at the global crypto event TOKEN2049 in Dubai, cryptocurrency exchange KuCoin officially launched its major strategy------the "Trust Plan," and announced a future investment of $2 billion to promote KuCoin into a new stage of high-quality, sustainable development, focusing on key areas such as platform security, transparency building, compliance system enhancement, and KCS ecosystem development.It is reported that this conference marks the first public appearance of KuCoin's new CEO BC Wong since taking office. He took the stage alongside KuCoin's EU CEO Oliver Stauber, addressing over 15,000 industry leaders, regulatory representatives, and crypto innovators from around the world, elaborating on KuCoin's long-term vision and systematic layout regarding the core industry proposition of "trust."In his speech titled "The Trust Gap in the Crypto Industry: Building a Winning Platform," BC Wong pointed out: "As the crypto industry enters the mainstream era, technology and speed are merely entry thresholds. Platforms that can truly transcend cycles must continuously invest in underlying values such as security, transparency, compliance, and responsibility." He stated that the "Trust Plan" is not only a significant financial commitment but also a comprehensive realization of KuCoin's core values. In the coming years, KuCoin will continue to strengthen platform security infrastructure, promote on-chain transparency mechanisms, deepen collaboration with global regulatory agencies, and increase investment in user education and ecosystem health, fully constructing a more trustworthy digital asset trading environment.Among them, KCS (KuCoin Token), as the core connecting asset between the platform and users, will play a crucial role in the "Trust Plan." KuCoin will further optimize the incentive mechanisms, governance rights, and ecological applications of KCS, strengthening its strategic position in enhancing user stickiness, participating in governance, and promoting community co-construction.
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