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Introducing the CoinDesk Markets Daily Podcast

Welcome to CoinDesk Markets Daily, a new podcast that gives you all the trading news you need in 10 minutes.

Updated Dec 12, 2022, 1:55 p.m. Published Nov 22, 2019, 9:42 p.m.
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Welcome to the CoinDesk Markets Daily Podcast, a 10-minute look at what's driving the crypto markets today. The podcast appears daily and we'd love you to take a listen to this inaugural episode and subscribe in your favorite podcast apphttp://feeds.feedburner.com/MarketsDaily. You can also grab the MP3 here.

Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action in the markets and some of the most important crypto industry developments of the day.

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On today’s episode:

  • Markets update
  • Binance raid confusion
  • Blockstack's token mining challenges
  • Tezos outperforming as the rest of the sector takes a bath

Love the show? Want to share your thoughts? Think we missed a topic? Email [email protected] to let us know what you think.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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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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Lighter trading platform sees $250 million withdrawn 24 hours after airdrop

Lighter sees $250 million in outflows following its token generation event. (geralt/Pixabay)

Bubblemaps CEO says outflows seen on Lighter on Dec. 31 are not uncommon as users rebalance hedging positions and move on to the next farming opportunity.

What to know:

  • Approximately $250 million was withdrawn from Lighter after its $675 million LIT token airdrop.
  • The withdrawals represent about 20% of Lighter's total value locked, according to Bubblemaps CEO Nicolas Vaiman.
  • Large withdrawals post-token generation events are common as early participants exit, says CertiK's Natalie Newson.