KuCoin has secured a position among the top three cryptocurrency exchanges globally by total token listings, according to the Animoca Brands Research 2025 Listing Report. The report, released on February 28, 2026, highlights the exchange's significant 31% year-over-year increase in token listings during 2025.
The data underscores KuCoin's strong involvement in primary-market listings, indicating its sustained commitment to onboarding early-stage projects. The exchange maintains a measurable presence across a broad fully diluted valuation (FDV) spectrum, from $30 million to over $500 million. Notably, top-tier exchanges like KuCoin account for approximately 25% of all listings within the elite $500M+ FDV category, pointing to increased selectivity for high-capitalization projects.
The report also reveals broader market liquidity trends. Projects with an FDV above $100 million achieved first-day trading volumes that were 1.44 to 1.78 times higher than the 2024 average. On a 30-day basis, the $100M–$500M FDV segment showed the most rapid growth, reaching 2.12 times the prior year's average.
Beyond traditional token listings, KuCoin demonstrated diversification by ranking fifth globally in tokenized gold trading volume. This performance reflects the exchange's active participation in the expanding real-world asset (RWA) sector, particularly for on-chain representations of traditional defensive assets like gold.
The findings suggest that exchange competition is evolving, with factors like listing composition, liquidity distribution, and asset structure diversification becoming as important as sheer listing volume.
KuCoin, founded in 2017, is a major global crypto platform serving over 40 million users across more than 200 countries. It offers access to over 1,000 tokens, spot and futures trading, institutional services, and a Web3 wallet. The platform holds SOC 2 Type II and ISO 27001:2022 security certifications and maintains regulated operations with AUSTRAC registration in Australia and a MiCA license in Austria under CEO BC Wong.
