Is it permissible for residents of the United States to use KuCoin for cryptocurrency trading?

Yes, residents of the United States can use KuCoin for cryptocurrency trading. Nonetheless, there are important considerations and restrictions to be aware of. While KuCoin operates internationally, it is not registered with the U.S. Securities and Exchange Commission (SEC) and does not have a BitLicense from the New York State Department of Financial Services, which may impose limitations on the services available to U.S. residents. Additionally, given the regulatory scrutiny in the U.S. regarding cryptocurrency exchanges, U.S. residents should ensure they comply with all relevant laws and reporting requirements, such as those related to taxes and disclosures of foreign assets. Users should carefully consider their own risk tolerance and the legal implications of using international crypto exchanges before engaging in trading activities on platforms like KuCoin.