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MARKETS DAILY: Crypto News Roundup for Jan. 16, 2020
With bitcoin up more than 20% so far this year, the rally is taking a breather. CoinDesk's Markets Daily is back with an expanded news round-up that'll condense about an hour of reading into less than 8 minutes of stories and highlights.
Updated May 2, 2022, 4:00 p.m. Published Jan 16, 2020, 7:19 p.m.
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Today's topics:
- Bitcoin is facing temporary bullish exhaustion, according to Wednesday’s “doji” candle.
- Digital dollars are moving full steam ahead?
- Bitthumb is fighting a big tax bill.
- Sacramento Kings auction off a jersey... on the blockchain.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Strategy surges 6% on MSCI decision not to exclude DATs from indexes
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What to know:
- Strategy (MSTR) shares rose 6% in after-hours trading after MSCI's decision on digital asset treasury companies.
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