CEX spot trading volume fell to $1.67 trillion in September, the lowest level since June
On October 6th, it was reported that the monthly spot trading volume of cryptocurrency exchanges dropped to $1.67 trillion in September, hitting the lowest level since June. According to TheBlock's data dashboard, the trading volume of exchanges in September decreased by 9.7% from $1.85 trillion in August, making it the slowest month for trading since June ($1.1 trillion).
Specifically, Binance maintained its position as the largest trading platform, recording a trading volume of $636.5 billion in September, compared to $737.1 billion in August. Bybit ranked second among all trading platforms with a trading volume of $132.1 billion, followed by Gate.io ($124 billion) and Bitget ($117.9 billion).
Meanwhile, the trading volume of decentralized exchanges saw a slight decline in September, dropping from $368.8 billion in August to $363.4 billion. Among them, Uniswap's trading volume decreased from $143 billion to $106.5 billion, while PancakeSwap's trading volume increased from $58.7 billion to $79.8 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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