Global cryptocurrency exchange KuCoin has committed $2 billion to its newly launched “Trust Project” which aims to strengthen transparency and enhance the platform’s security in the long-term. The announcement was made by BC Wong, CEO of KuCoin, during his keynote address at TOKEN2049, held in Dubai.
Addressing the crowd, during his keynote speech titled “The Trust Gap in Crypto: Building Platforms That Deserve to Win,” Wong emphasized that the next phase of crypto adoption must be underpinned by proactive accountability and institutional-grade trust.
KuCoin’s native token, KCS, will play a more pivotal role in reinforcing user incentives, supporting governance innovation, and expanding utility across KuCoin’s growing suite of products and services, he added.
Wong was joined by the exchange’s European Union CEO Oliver Stauber, as they both detailed what has been envisioned for the Trust Project. It will focus on key values such as infrastructure neutrality, responsible innovation, and enhancing protections against platform risks. The multi-year investment will also fund global educational initiatives that empower users and contribute to a more mature and credible crypto environment.
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KuCoin is a pioneering technology platform that has been supporting digital economies since 2017. The company offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.