{"id":478903,"date":"2022-07-28T20:15:00","date_gmt":"2022-07-28T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-use-in-emerging-markets-driven-by-necessity-kucoin-labs-head\/"},"modified":"2022-07-28T20:15:00","modified_gmt":"2022-07-28T17:15:00","slug":"crypto-use-in-emerging-markets-driven-by-necessity-kucoin-labs-head","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-use-in-emerging-markets-driven-by-necessity-kucoin-labs-head\/","title":{"rendered":"# Crypto use in emerging markets driven by necessity: KuCoin Labs head"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33151250f71\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33151250f71\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-use-in-emerging-markets-driven-by-necessity-kucoin-labs-head\/#%E2%80%9D_Crypto_use_in_emerging_markets_driven_by_necessity_KuCoin_Labs_head_%E2%80%9C\" >&#8221; Crypto use in emerging markets driven by necessity: KuCoin Labs head &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_use_in_emerging_markets_driven_by_necessity_KuCoin_Labs_head_%E2%80%9C\"><\/span>&#8221; Crypto use in emerging markets driven by necessity: KuCoin Labs head &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent between developed and emerging market environments.<\/p>\n<p>Lou Yu, who heads up KuCoin Labs, tackled the subject after a keynote address during the second day of Blockchain Economy Istanbul in Turkey. In an exclusive interview with Cointelegraph, Yu unpacked her experience working with a variety of projects and companies around the world and the key differences between primary and secondary markets.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/544ad712-8470-4f5a-948d-7701dd1661d6.jpg\"><\/figure>\n<p><em>Cointelegraph editor Erhan Karahman interviews KuCoin Labs head Lou Yu at Blockchain Economy Istanbul.<\/em><\/p>\n<p>Kucoin operates in over 200 countries globally and is well placed to provide insights into the trading habits and trends as well as the innovations in the space, given that it lists, invests and supports various cryptocurrency and blockchain-focused projects.<\/p>\n<p>Yu noted that trading communities are particularly active in emerging markets, more so than their developed counterparts, which are less active despite superior amounts of capital. While these emerging markets use cryptocurrencies frequently, projects from these areas could do better to aim their services at local markets:<\/p>\n<blockquote><p>\u201cWe\u2019re seeing all the data here from secondary markets and we think it is more relevant for local projects to benefit the local economy, and not just take products to the United States to benefit traders there for example.\u201d<\/p><\/blockquote>\n<p>The potential for Bitcoin and cryptocurrencies to tackle unique challenges in emerging markets has been a theme at Blockchain Economy Istanbul and Yu also believes that industry-shaping projects could well emerge from developing countries.<\/p>\n<p><em>Related: 75% of investors in emerging markets want more crypto: Survey<\/em><\/p>\n<p>The KuCoin Labs head highlighted the propensity for developed markets like Europe and the United States to use blockchain primarily for cryptocurrencies. Meanwhile, emerging markets are using the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> not only to use and trade cryptocurrencies but to build tools and products to solve vexing problems:<\/p>\n<blockquote><p>\u201cFor developed markets it&#8217;s a hobby, for emerging markets it&#8217;s a necessity. In emerging countries, people are lacking a lot of tools and infrastructure and are probably limited by language barriers, political, geographical, technological and economic barriers.\u201d<\/p><\/blockquote>\n<p>Yu said that emerging countries are more in need of the fundamental infrastructure in Web3 to solve problems that Web2 hasn\u2019t y. She also noted that much of the KuCoin Labs portfolio is made up of projects from developed countries. The projects that do hail from emerging countries don\u2019t focus on offering their product or services to their local market, instead focusing on addressing and serving the wider cryptocurrency ecosystem.<\/p>\n<p>Yu stressed that the incubator has been focused on connecting the ecosystem by working with other exchanges, launchpads as well as layer-1 and layer2 protocols. Financial investment in projects from emerging markets is a focal point, alongside networking and building potential business partnerships.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-use-in-emerging-markets-driven-by-necessity-kucoin-labs-head\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto use in emerging markets driven by necessity: KuCoin Labs head &#8220; The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming apparent between developed and emerging market environments. Lou Yu, who heads up KuCoin Labs, tackled the subject after a keynote address during the second day&#8230;<\/p>\n","protected":false},"author":1,"featured_media":478904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOWY0OGQ3NjgtNzllYS00MGJmLTk2ZTEtODY5M2UyMDhjZjZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74863,74860,77475,74355],"class_list":["post-478903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-kucoin","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=478903"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478904"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}