KuCoin Secures ISO 27701 Certification, Enhancing User Privacy and Trust in Crypto

KuCoin Achieves ISO 27701 Certification

KuCoin, a prominent global cryptocurrency exchange founded in 2017, has recently announced a significant achievement: the successful acquisition of the ISO 27701:2025 certification. This certification is recognized internationally for Privacy Information Management Systems (PIMS), serving as a critical framework ensuring that user data is managed respectfully and securely.

As part of its ongoing commitment to user trust and privacy, KuCoin has been enhancing its system for managing sensitive user data, which is pivotal in today’s digital landscape. The new ISO 27701 certification builds on their previous success in securing the ISO 27001:2022 certification, which established a solid foundation in Information Security Management Systems (ISMS) and the completion of SOC 2 Type II for operational controls. This progression highlights KuCoin's dedication to building a trusted and secure platform in the ever-evolving world of digital assets.

The implementation of the ISO 27701 standards illustrates KuCoin’s proactive approach to privacy management. By integrating robust privacy controls across every phase of the data lifecycle—from collection to processing, and ultimately, storage and disposal—KuCoin aims to minimize risks associated with data breaches while empowering users to have more control over their personal information.

Alexis Niu, KuCoin's Data Protection Officer, emphasized the importance of this certification, stating, "This achievement reflects our unwavering commitment to develop a comprehensive Privacy Information Management System. Our focus is on end-to-end data handling, rigorous risk assessments, and robust mechanisms to safeguard user data. Our efforts under the $2 Billion Trust Project aim to create a secure ecosystem where privacy forms the cornerstone of our operations."

In parallel with gaining ISO 27701 certification, KuCoin has also launched the $2 Billion Trust Project, a multi-year initiative aimed at boosting transparency, enhancing infrastructure, and collaborating with regulatory bodies to improve user confidence within the global cryptocurrency market. This important project demonstrates KuCoin's commitment to maintaining security excellence and enhancing user trust.

To enhance the reliability of its platform, KuCoin has implemented several crucial measures, which include launching advanced security features such as internal data scans, data encryption methods, and desensitization techniques for sensitive information. Furthermore, the appointment of a specific global Data Protection Officer and the introduction of Data Protection Impact Assessment (DPIA) tools facilitate comprehensive reviews for research and development initiatives. This strategic move helps integrate compliance and risk management into the company's operations comprehensively.

Additionally, KuCoin has developed a dedicated customer service team to assist users with data subject rights requests and to strengthen its emergency response protocol for data breaches.

With more than 40 million users in over 200 countries, KuCoin continues to expand its crypto offerings while holding itself accountable to stringent security standards. The platform has established a reputation for reliability and user-friendliness, encapsulated through its range of services which include access to more than a thousand digital assets, trading options across various markets from spot to futures trading, and services tailored for institutional clients.

Recognized by reputable organizations, KuCoin has been listed among Forbes' "Best Crypto Apps and Exchanges" and has been named as one of the "Top 50 Global Unicorns" by Hurun. These accolades reflect the platform's commitment to compliance, innovation, and user satisfaction under the leadership of CEO BC Wong.

In conclusion, KuCoin’s achievement of ISO 27701 certification serves as a significant step towards enhancing privacy management in the cryptocurrency sector and solidifies its role in promoting user trust within the digital finance landscape. As they continue to support their growing community with security and compliance, KuCoin is undoubtedly setting a high standard for the industry.