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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This year's market has been driven primarily by the growth of DATs, ETFs, and stablecoins. Strong institutional inflows indicate that mainstream U.S. capital is now entering the crypto market. However, after the October 11 black swan event, the market underwent a significant correction due to deleveraging. Even so, several indicators now suggest that a bottom may be forming. Our recommended assets are BTC, ETH, SOL, XRP, and DOGE.
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