CoinDesk 20 dipped despite gains in select altcoins, while KuCoin sustained balanced spot and derivatives activity, marking its strongest trading year on record.
The CoinDesk 20 Index fell 0.5% to 2993.52, with only three assets rising. SUI gained 1.1% and POL rose 0.8%, while UNI declined 1.5% and HBAR dropped 1.4%. KuCoin reported $1.25 trillion in total trading volume for 2025, averaging about $114 billion per month—its highest annual performance. Spot and derivatives volumes each exceeded $500 billion, with altcoins driving the majority of trading activity. KuCoin maintained strong engagement despite mid-year market softness, reflecting consistent liquidity provision beyond BTC and ETH.