The crypto world is heating up again, but guess who’s leading this time? According to the latest Q3 2025 Crypto Exchange Market Report by TokenInsight, native token of KuCoin, KCS Outperforms Bitcoin (6.70%) with 37.24% in quarterly gains, marking a big comeback for exchange-based assets.

Source: Token_Insight
The report highlights how KCS-Token maintained strong, steady growth while most exchange tokens rebounded sharply from the previous quarter’s dip, signaling renewed confidence in centralized exchanges.
KCS rose significantly this quarter, boosted by KuCoin’s expanding platform strength and growing ecosystem utility. The exchange has ramped up KCS utility features, including fee discounts, staking rewards, and accelerated token burns, fueling stronger community participation.
In contrast, Bitcoin’s Q3 performance was modest, mainly because of recent major market-actions, gaining only about 6% as per TokenInsight quarterly market data.

The report noted that while OKB and CRO posted the strongest gains at 281% and 132%, respectively, KCS maintained stable and sustainable growth. Since KCS-token is directly linked to KuCoin’s trading performance, from spot and derivatives volume to token utility, it benefited structurally from the exchange’s solid Q3 growth.
The third quarter of 2025 was marked by a clear recovery across the crypto market. Bitcoin ETF inflows totaling $7.8 billion and a jump in Bitcoin's dominance to 64% helped lift total market capitalization to nearly $4 trillion, up from $3.46 trillion in June.
On the other hand, derivatives trading jumped 28.7% to $26T, pushing KuCoin into the global top three alongside Binance, Bybit, and Bitget.
Favorable monetary cues, including expectations of lower interest rates and improving global regulations, kept investor sentiment resilient, despite ongoing inflation concerns.
Looking ahead to Q4 2025, the market-outlook remains cautiously optimistic. The Federal Reserve’s rate cut and ongoing ETF inflows are expected to support continued growth in Bitcoin and top exchange tokens.
However, analysts warn that inflation pressures and geopolitical risks could keep volatility elevated. Centralized exchanges are expected to stay robust, driven by stronger compliance, transparency, and institutional demand.
Bhumika Baghel is a rising crypto content writer with a deepening interest in blockchain technology and digital finance. With a keen understanding of market trends and cryptocurrency ecosystems, she breaks down intricate subjects like Bitcoin, altcoins, DeFi, and NFTs into accessible and engaging content. Bhumika blends well-researched insights with a clear, concise writing style that resonates with both newcomers and experienced crypto enthusiasts. Committed to tracking price fluctuations, new project developments, and regulatory shifts, she ensures her readers stay informed in the fast-moving world of crypto. Bhumika is a strong advocate of blockchain’s potential to drive innovation and promote financial inclusion on a global scale.