40-plus million pounds, sufficient to achieve national distribution across the U.S.

oinJournal (CJ): You launched several Euro trading pairs this week (which was very appreciated by me, coming from the Eurozone!). Why did you do this, and what do you think is the reason the euro has lagged so far behind the dollar when it comes to the rise of crypto? Johnny Lyu (JL): The European crypto market is one of KuCoin's key markets, and KuCoin is committed to providing an easy-to-use cryptocurrency trading service for European investors. In March, KuCoin integrated SEPA payments, allowing users to deposit EUR into KuCoin and track cryptocurrency purchases. To expand fiat-to-crypto trading services, KuCoin exchange adds EUR trading pairs that allow cryptocurrency users to make instant conversions between Euro and cryptocurrencies. By supporting these EUR-fiat trading pairs, KuCoin is strengthening its presence in the European crypto market, which continues to experience strong growth. As to why the EUR hasn't fared better than the dollar when it comes to the rise of cryptocurrency, it's firstly because the dollar, as a reserve currency world, is dominant in many areas. On the other hand, the cryptocurrency adoption metrics in the US market are much better than in the European market. According to the Into The Cryptoverse report published by KuCoin, as of March 2022, 27% of American adults between the ages of 18 and 60 are cryptocurrency investors. But in Germany, the most crypto-friendly country in Europe, the figure is only 16%. But good things take time, and I believe that as cryptocurrency adoption increases in the European market and more innovative products emerge, the EUR will rapidly progress to catch up with the dollar as far as the rise of cryptocurrency.