Hassan Maishera
KuCoin recorded one of its strongest years in recent history, unveiling a wide range of partnerships, innovations, and listings.
Its achievement has now been recognized by Animoca Brands Research, with KuCoin emerging as one of the top three cryptocurrency exchanges in this latest report.
KuCoin Makes Top 3 in Animoca Brand’s Latest Listing Report
Animoca Brands Research has released its 2025 Exchange Listing Report, offering a comprehensive analysis of how centralized exchanges (CEXs) are adapting their listing strategies amid changing market conditions.
In a press release shared with Cryptowisser, the report looks at exchange listing dynamics across Altcoins and RWAs, the evolution of Alpha Programs, and new iterations of IDO models.
The report revealed that KuCoin ranked among the top three exchanges by primary token listings in 2025. In addition, it maintains meaningful listing share within the $30M–$500M+ FDV range and ranks among leading platforms in tokenized gold (RWA)trading volume.
The report ranked cryptocurrency exchanges using several metrics, including;
I. Primary token listing activity trending upward
The report showed that KuCoin ranked among the top three exchanges by number of token listings in 2025, marking a 31% year-over-year increase.
According to Animoca Brands, “KuCoin has demonstrated strong activity in primary token listings.”
Listing market share is also noteworthy. The report shows that KuCoin holds a meaningful proportion within the 30M–500M+ FDV range. The “Top-tier exchanges” account for 25% of listings in the $500M+ FDV “heavyweight” category, reflecting a highly selective approach.
II. Liquidity Efficiency
Animoca Brands added that comparing the data between 2025 and 2024 indicates a clear shift in market liquidity structure. In terms of first 24-hour trading volume, micro-cap projects (<30M FDV) and small-cap projects (30M–100M FDV) contracted relative to 2024.
While mid- to large-cap projects (>$100M FDV) recorded significant growth in first-day trading volume, reaching 1.44x to 1.78x the 2024 average.
On a 30-day trading volume basis, all valuation tiers achieved year-over-year growth, with the 100M–500M FDV segment posting the fastest increase at 2.12x the 2024 average.
As capital concentrates on higher-quality listings, exchanges, such as KuCoin, positioned within these valuation bands are structurally better placed to capture sustainable trading velocity rather than transient spikes.
III. RWA deployment
This criterion is not surprising since RWA has emerged as a key strategic allocation direction for CEXs, with Tokenized Gold representing one of the most prominent subsectors.
The report shows that KuCoin ranks fifth in Tokenized Gold trading volume. Structurally, the core value of Tokenized Gold does not lie in short-term explosive growth, but in providing an on-chain hedging instrument against macro uncertainty, reinforcing the “safe-haven” attributes of an exchange’s asset structure, and serving as a bridge between TradFi capital and on-chain assets.
The report concluded that KuCoin’s key developments in 2025 can be summarized along three parallel trajectories: first, enhanced primary listing activity; Second, maintaining meaningful share within mid- to large-cap FDV tiers; and third, establishing steady participation in RWAs.
KuCoin’s Annual Report Shows Massive Growth
KuCoin’s ranking in this report isn’t surprising, thanks to the cryptocurrency exchange’s massive innovations in 2025. In its annual report, KuCoin revealed that it recorded key milestones in 2025, including major compliance progress in Europe and Australia, the launch of a USD $2 billion Trust Project, and the completion of four internationally recognized security certifications, laying the foundation for KuCoin’s next stage of development.
Furthermore, KuCoin delivered steady operational performance throughout 2025. This is evident by the average daily spot trading volume reaching $4.76 billion, representing 55% year-on-year growth.
In addition to that, futures trading averaged $6.47 billion per day, up approximately 30% year-on-year, ranking KuCoin fourth globally by futures volume. These results were achieved without compromising KuCoin’s long-term priorities, as operational growth in 2025 was deliberately anchored in security, transparency, and risk discipline.
KuCoin was able to achieve so much in 2025 without compromising the security of its platform. This year, KuCoin achieved the industry’s “Quadruple Crown” of security certifications, including SOC 2 Type II, ISO 27001, ISO 27701, and CCSS.
The platform also maintained 36 consecutive months of Proof of Reserves verification, independently audited by Hacken, and was ranked number one globally for security by CER.live.
