KUCoin has decided to force KYC for every of it's users.
In an attempt to remain as one of the most trustworthy and transparent exchanges in operation, KuCoin will start enforcing KYC checks on users. This measure is to ensure KuCoin remains compliant with the developing regulations in the crypto industry.
Forcing KYC was the one of the reason for once number one exchange Bitrex to move down to 7th position at current time.
KUCoin is not even in top 30. What will be the effect of such move be on the exchange and cryptocurrency overall?
https://news.kucoin.com/en/kucoin-will-enforce-kyc-for-users/ I think they are looking to upgrade their service to the whole business. That is reasonable because it is highly protective and traders always need it.
This is considered a smart strategy to increase the value of Kucoin to a new level. I appreciate this even though the transaction will take more time.