According to TokenInsight Dashboard, during the last week (August 20-August 26), the top exchanges' total trading volume was $389.2 billion, down 28.9% compared to the previous week. It's the first time since mid-January 2023 that the top exchanges' weekly trading volume is less than $400 billion.
Meanwhile, the weekly spot volume was $61.23 billion, down 33.4% compared to the previous week. The weekly derivatives volume was $327.97 billion, down 28%.
The top 5 exchanges' total trading volumes last week are as follows:
- Binance: $203.95 billion, down 27.9%. The market share is 53.35%
- OKX: $62.74 billion, down 34.3%. The market share is 16.41%
- Bybit: $47.93 billion, down 30.8%. The market share is 12.53%
- Coinbase: $5.42 billion, down 21.9%. The market share is 1.42%
- Bitget: $38.61 billion, down 16.7%. The market share is 10.1%
Note: TokenInsight has selected some exchanges based on our database to calculate the total trading volume, instead of including all exchanges. We have selected 10 exchanges each for spot and derivatives, which account for over 90% of the total trading volume in the market. The 10 selected spot exchanges are Binance, Coinbase, OKX, Bybit, KuCoin, Bitget, Upbit, Gate, Kraken, and Bitfinex. The 10 selected derivative exchanges are Binance, OKX, Bybit, Kucoin, Bitget, Gate, Kraken, Bitfinex, BitMEX, and Deribit. Learn more
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