According to <a target="_blank" href="https://tokeninsight.com/en/dashboard/exchange/total-volume">TokenInsight Dashboard</a>, during the last week (August 21-August 27), 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%.
<img src="https://s2.tokeninsight.com/static/calendar/img20230828050620cecf0c56-ab92-4df1-bc72-1cbf29c315a6.jpg">
The top 5 exchanges' total trading volumes last week are as follows:
<ul>
 <li>Binance: $203.95 billion, down 27.9%. The market share is 53.35%</li>
 <li>OKX: $62.74 billion, down 34.3%. The market share is 16.41%</li>
 <li>Bybit: $47.93 billion, down 30.8%. The market share is 12.53%</li>
 <li>Coinbase: $5.42 billion, down 21.9%. The market share is 1.42%</li>
 <li>Bitget: $38.61 billion, down 16.7%. The market share is 10.1%</li>
</ul>
Note: TokenInsight has selected some exchanges based on <a target="_blank" href="https://tokeninsight.com/zh/exchanges?type=centralized">our database</a> 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 <a target="_blank" href="https://tokeninsight.com/zh/exchanges/binance">Binance</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/coinbase">Coinbase</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/okx">OKX</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bybit">Bybit</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/kucoin">KuCoin</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bitget">Bitget</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/upbit">Upbit</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/gate">Gate</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/kraken">Kraken</a>, and <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bitfinex">Bitfinex</a>. The 10 selected derivative exchanges are <a target="_blank" href="https://tokeninsight.com/zh/exchanges/binance">Binance</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/okx">OKX</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bybit">Bybit</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/kucoin">Kucoin</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bitget">Bitget</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/gate">Gate</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/kraken">Kraken</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bitfinex">Bitfinex</a>, <a target="_blank" href="https://tokeninsight.com/zh/exchanges/bitmex">BitMEX</a>, and <a target="_blank" href="https://tokeninsight.com/zh/exchanges/deribit">Deribit</a>. <a target="_blank" href="https://tokeninsight.com/zh/exchanges">Learn more</a>
<img src="https://s2.tokeninsight.com/static/calendar/img202308280507068c284cc5-0259-4adc-9c5d-f08666828141.jpg">
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Top Exchanges' Total Trading Volume Dropped to Below $400B Last Week, Lowest since Mid-January

TokenInsight

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