Bear market allows crypto companies to ‘listen’ to users: KuCoin exec

Crypto has been at the mercy of an

KuCoin is not alone in its community-first approach. Cointelegraph recently spoke with Binance’s new vice president of marketing, who also stressed that the crypto space needs to “double down” on community support during both the bear market and regulatory uncertainty.

Vincileoni said when it comes to regulatory uncertainty, they have stopped trying to “assume” what’s next. Instead, when given clarity, it’s best to then react and adapt, calling the space an “adaptive race.”

“We really try to focus on what we know how to do and what we have an influence on, which is guaranteeing the safety of the assets of users at all times. [The industry] can have a real impact on this.”

In fact, he told Cointelegraph that a market survey done by KuCoin revealed a large interest from users regarding the implementation of artificial intelligence (AI) for security purposes. 

Recently, the cryptocurrency exchange’s Twitter account was subject to a compromise that resulted in users losing funds due to a fake giveaway announcement.

Vincileonoi closed by saying despite the current conditions, he believes the market is still “filled with opportunities” and that “we are really in the beginning of an era that we barely can envision.” 

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