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Video: Two Bubbles? ShapeShift CEO Talks Crypto Market Prices

ShapeShift​ CEO Erik Voorhees sits down for a Q&A with CoinDesk on the state of the crypto markets and what's in store for 2018.

Updated Sep 13, 2021, 7:20 a.m. Published Jan 3, 2018, 3:00 a.m.
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This article is an entry in CoinDesk's Most Influential in Blockchain 2017 series.

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Are cryptocurrencies in a bubble?

According to Erik Voorhees, we might be in two. In a video interview from his company's headquarters, the ShapeShift CEO sits down for a Q&A session to talk crypto asset valuations, lesson learned from the emerging market and the mistakes he's made as a crypto investor.

Notably, Voorhees believes potential buyers should consider bitcoin and alternative cryptocurrencies as separate markets, ones that won't necessarily rise and fall together. Both may be overvalued, but both have their long-term potential as well.

Read our full profile or hear Erik in his own words below:

Video by Ali Powell at 40 Thieves Films.

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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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Bitcoin pushes above $90,000 as traders eye change in pattern

A Wall Street banks's take on crypto. (Midjourney/Modified by CoinDesk)

Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.

What to know:

  • Bitcoin rose above $90,000 during U.S. trading hours on Friday.
  • It's a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
  • Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.