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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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Strategy shares register first six-month losing streak since adoption of bitcoin strategy in 2020

Michael Saylor (Gage Skidmore / CC BY-SA 2.0 / Modified by CoinDesk)

Crypto analyst Chris Millas has highlighted an unusually persistent slump in Strategy shares, breaking with past drawdown patterns even as the firm continued accumulating bitcoin.

What to know:

  • Strategy shares fell in each of the final six months of 2025, marking the first time since the firm adopted bitcoin in August 2020 as a treasury reserve asset.
  • The decline stands out for its persistence, as past selloffs were often followed by sharp rebounds.
  • The stock sharply underperformed both bitcoin and the Nasdaq 100 despite the firm's continued BTC purchases.