Top Exchanges' Total Trading Volume Hit Two-Year Low in September

According to TokenInsight Dashboard, during the last week (September 24-September 30), the top exchanges' total trading volume was $376.4 billion, down 1.2% compared to the previous week. This is the fifth time in 2023 that the top exchanges' weekly trading volume is below $400 billion, also the fourth time since mid-August.

Notably, the monthly total trading volume in September hit a new low in two years at about $1.698 trillion. The second-lowest monthly total trading volume in the last two years was in December 2022 at about $1.804 trillion.

Meanwhile, last week's spot volume was $61.92 billion, up 1.3%. The weekly derivatives volume was $314.51 billion, down 1.7%.

The top 5 exchanges' trading volumes last week are as follows:

• Binance: $188.20 billion, down 0.87%. The market share is 50.79%
• OKX: $69.52 billion, up 5.81%. The market share is 19.06%
• Bybit: $51.49 billion, up 0.20%. The market share is 14.13%
• Coinbase: $4.86 billion, up 8.14%. The market share is 1.33%
• Bitget: $25.75 billion, down 17.87%. The market share is 6.99%

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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