KuCoin discusses CEXs and crypto adoption at Paris Blockchain Week

KuCoin Managing Director Alicia Kao Advocated for Bitcoin’s Network Effect at a Paris Blockchain Week Panel.

On the Master Stage at Paris Blockchain Week, Alicia Kao, Managing Director of KuCoin, shared her insights on the topic of “Bitcoin: The Internet of Value” alongside other industry leaders Nic Cary from Blockchain.com, Paolo Ardonio from Bitfinex/Tether, and Nicolas Cantu from 4NK. The panel discussed the value of Bitcoin to users, financial inclusion and adoption, and the role of exchanges in onboarding users.

As an industry leader and representative of one of the most trusted cryptocurrency exchanges, Alicia stressed the importance of creating a network effect for Bitcoin, “Bitcoin users are a far cry from the 4.6 billion internet users worldwide.” Alicia emphasized the importance of creating a network effect for Bitcoin to increase its value and utility. “As more people join the Bitcoin network, its value and utility will likely increase due to the network effect,” she explained. “This means that as more users participate in the Bitcoin ecosystem, the overall value of the network grows, making it more valuable for even more users to join.”

During the 40-minute discussion, they explored the value of Bitcoin to users, the role of exchanges in onboarding users, financial inclusion and adoption, use cases, and the first contact with crypto for new users. They also delved into the value of Bitcoin in emerging countries where local currencies don’t work well and the role of centralized exchanges (CEX) in driving crypto adoption. Alicia also stressed the role of centralized exchanges (CEXs) such as KuCoin in enhancing the network effect of Bitcoin and driving crypto adoption. She outlined several ways in which CEXs can improve accessibility, simplify trading crypto assets, and educate users about Bitcoin and its underlying technology.

Furthermore, she highlighted the potential of Bitcoin as a key enabler of the Internet of Value, and how the upgrade of the Ordinal protocol has made it possible to tie content to a Satoshi, the smallest unit of Bitcoin, allowing for new possibilities in exchanging and managing assets on the Internet of Value.

The panel discussion underscored the growing importance of blockchain technology and cryptocurrencies, including Bitcoin, in shaping the future of finance and commerce. It also elucidated the need for continued collaboration and innovation to address the challenges and opportunities presented by this rapidly evolving industry.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. 

To find out more, visit https://www.kucoin.com

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