KuCoin, a cryptocurrency exchange, has announced the launch of its $2 billion Trust Project aimed at enhancing security and reliability for users.
Launch of the Trust Project
In an open letter to users, CEO of KuCoin BC Wong unveiled the $2 billion Trust Project. He emphasized that this fund will help secure users from potential threats like hacks and theft.
Wong described the launch of the project as the company’s boldest move so far, stating:
> "Today, with the support of over 41 million users around the world, KuCoin represents the strength of innovation and integrity. The $2 billion Trust Project is more than a technological investment—it’s a promise to you, our users, and to the future of cryptocurrency."
Security as the Foundation of KuCoin
Throughout its history, KuCoin has aimed to create a secure and trustworthy platform for its users. In his letter, Wong highlighted the significant investments made in security infrastructure.
> "Over these five years, we’ve invested heavily in cutting-edge security infrastructure, protecting your assets and data through rigorous protocols."
In 2022, KuCoin launched its Proof-of-Reserves initiative, which strengthened user trust in the platform.
Collaboration for Enhanced Crypto Security
Wong also called for collaborative measures across the industry to improve security standards. He believes that collective efforts are essential to create a safe environment for all cryptocurrency users.
> "The potential of cryptocurrency to transform finance and empower people globally depends on our shared dedication to transparency, innovation, and accountability," Wong stated.
KuCoin continues to ensure the security of its platform and calls for collaboration from all players in the crypto industry to strengthen trust and improve security standards.
