Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Obviously not many traders are using Kucoin, as per coinmarketcap: (Per 24 Hour Trading Volume)
7. HitBTC
38. Kucoin
Hitbtc is among the top 10 exchanges around, although if you are going to look around the forum there are a lot of scam accusations against them. Just like you said Kucoin is fairly new, maybe it still hasn't gain the trust as of now that's why not much trading is going around on their exchanges.
Anything has a process and cant really be achieve overtime. We do see the potential on ranking up but if volume would still remain in a matter of time then its expected that he wont able to move up because traders do make always prefer to trade up into other exchange than on Kucoin itself.Talking about issues then it cant really be avoided even on the top tiers or rankings do have its existing issues.
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
Anything is possible that it would hit up on those ranking but it will still depend on how they would perform or giving out such good service among traders.