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 TokenInsight released Crypto Exchange Report 2023Q2. The report selected the Top10 centralized exchanges and summarized their data performance, aiming to help users understand the changes in the exchange market. According to the report, the exchanges' spot, derivative and total trading volumes all decreased in Q2 compared with Q1. 
 In Q2 2023, Top10 exchanges' total trading volume was $8.3 trillion, down 23% compared to Q1. The top 4 exchanges by trading volume were <a target="_blank" href="https://tokeninsight.com/en/exchanges/binance" rel="noopener noreferrer nofollow">Binance</a>, <a target="_blank" href="https://tokeninsight.com/en/exchanges/okx" rel="noopener noreferrer nofollow">OKX</a>, <a target="_blank" href="https://tokeninsight.com/en/exchanges/bybit" rel="noopener noreferrer nofollow">Bybit</a>, and <a target="_blank" href="https://tokeninsight.com/en/exchanges/bitget" rel="noopener noreferrer nofollow">Bitget</a>, whose combined market share exceeded 85% of the total market. Binance's leading position is stable as it has $4.3 trillion in trading volume. Although its market share dropped 3% from the beginning to the end of Q2, it still has over 50% of the market share. OKX and Bitget have the largest increase in terms of market share, 1.9% and 1.8% respectively. 
 <img src="https://s2.tokeninsight.com/static/calendar/img2023071411153792a9dc8f-6854-421f-8d33-17e81f6c6b64.jpg"> 
 In terms of spot trading, Top10 exchanges' volume was only $1.32 trillion, a 44.8% decrease from Q1 and a 52.5% decrease from Q2 2022. The top exchanges' derivative trading volume dropped 14.6% than Q1 to $14.6 trillion. 
 Among all the major exchange tokens, only <a target="_blank" href="https://tokeninsight.com/en/coins/bitget-token/overview" rel="noopener noreferrer nofollow">$BGB</a>, <a target="_blank" href="https://tokeninsight.com/zh/coins/unus-sed-leo/overview" rel="noopener noreferrer nofollow">$LEO</a> and <a target="_blank" href="https://tokeninsight.com/zh/coins/okb/overview" rel="noopener noreferrer nofollow">$OKB</a> increased in price in Q2. $BGB had the best returns, going up 22.6%. 
 For more information, please read: <a target="_blank" href="https://tokeninsight.com/en/research/reports/crypto-exchange-report-2023q2" rel="noopener noreferrer nofollow">Crypto Exchange Report 2023Q2</a> 
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 <a target="_blank" href="https://tokeninsight.com/en/cryptocurrencies" rel="noopener noreferrer nofollow">TokenInsight</a> is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email <a href="mailto:news@tokeninsight.com" rel="noopener noreferrer nofollow">news@tokeninsight.com</a>. Your trust will be well respected.
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TokenInsight: Top10 Exchanges' Spot Trading Volume in Q2 2023 Down 45% Than Q1

TokenInsight

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