The Good Tech Companies - How KuCoin Plans to Rebuild Trust in Crypto: Inside BC Wong’s $2B Vision

Episode Date: May 3, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/how-kucoin-plans-to-rebuild-trust-in-crypto-inside-bc-wongs-$2b-vision. KuCoin CEO BC Wong unveils $2B Trust Project at TOKEN2049, aiming to enhance crypto transparency and security. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #kucoin-exchange, #blockchain, #cryptocurrency, #kucoin-news, #token2049, #web3, #good-company, #crypto-trading, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. KuCoin CEO BC Wong unveils $2B Trust Project at TOKEN2049, aiming to enhance crypto transparency and security.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. How Kucoin Plans to Rebuild Trust in Crypto Inside BC Wong's $2 Billion Vision By A'Shawn Pondy Hash Hash Why is a crypto exchange investing $2 billion in trust? At Token 2049 Dubai, Kucoin CEO BC Wong announced the Thrust Project, a $2 billion initiative aimed at enhancing transparency, security, and compliance in the cryptocurrency industry.

This move comes as the crypto sector faces increased regulatory scrutiny and a need for greater user confidence. Reframing the role of crypto exchanges in a panel titled, What's Next for Crypto Markets? The exchange perspective, BC Wang emphasized that crypto exchanges are evolving from mere trading platforms to integral components of the financial infrastructure. He highlighted KuCoin's investments in overhauling its wallet architecture, developing real-time data systems, and enhancing security frameworks. With more than 1,000 global employees, the majority in engineering roles, KuCoin is focusing

on technical excellence and scalability. Wang stated, greater than, the role of exchanges has changed. It's no longer enough to launch fast and greater than fix later. We must collaborate with regulators from day one. Because trust greater than isn't just earned from users. It must be built with the entire financial greater than ecosystem. The Trust Project A $2 billion commitment The Trust Project is KuCoin's response to the industry's trust deficit. The initiative focuses on four key areas transparency, compliance, user protection, and long-term sustainability. By investing in these

areas, KuCoin aims to set new standards for the industry. Oliver Staber, CEO of KuCoin.eu, joined Wang on stage to present the initiative, emphasizing the need for platforms that deserve Ouzer trust. The project also aims to integrate KuCoin's native token, KCS, more deeply into the ecosystem, enhancing its utility and governance functions. Navigating regulatory landscapes' becuincy strategy involves proactive engagement with regulators. The company has assembled a team of over 20 scientists and analysts focused on compliance, proof of reserve systems, and transparent reporting.

Wang noted that in some markets, regulators expect involvement from the earliest stages of product development. He also mentioned plans to re-enter South Korea after securing compliance in major jurisdictions like the United States, EU, China, and India. Looking ahead, KuCoin plans to launch dedicated, compliant platforms in Europe and Australia in the second half of 2025. These platforms will be part of the broader effort to expand the KCS ecosystem and bring more utility to globalizers. The company believes that regulation should be seen as a catalyst for long-term credibility rather than a constraint.

By leading in transparency, risk management, and regulatory collaboration, KuCoin aims to shape the next chapter of the crypto industry. Final ThoughtsKuKuin's $2 billion trust project represents a significant investment in the future of cryptocurrency. By focusing on transparency, security, and compliance, the company is taking proactive steps to address the industry's challenges. This initiative could set a precedent for other exchanges and contribute to a more immature and credible crypto environment. Don't forget to like and share the story. Tip Vested Interest Disclosure and credible crypto environment.