According to <a target="_blank" href="https://tokeninsight.com/en/dashboard/exchange/total-volume">TokenInsight Dashboard</a>, during the last week (September 3-September 9), the top exchanges' total trading volume was $317.0 billion, recording the lowest weekly trading volume in 2023, down 31.8% compared to the previous week. The former lowest was in the first week of the year (January 1-January 7), with around $334.0 billion traded.
Meanwhile, last week's spot volume was $51.99 billion, down 27.0% compared to the previous week. The weekly derivatives volume was $265.02 billion, down 32.7%.
<img src="https://s2.tokeninsight.com/static/calendar/img20230911042702f8e6b642-71d3-4c65-a3b4-7b3a28300052.jpg">
The top 5 exchanges' trading volumes last week are as follows:
<ul>
 <li>Binance: $167.64 billion, down 31.5%. The market share is 53.62%</li>
 <li>OKX: $50.42 billion, down 33.3%. The market share is 16.13%</li>
 <li>Bybit: $39.30 billion, down 37.9%. The market share is 12.57%</li>
 <li>Coinbase: $3.88 billion, down 29.6%. The market share is 1.24%</li>
 <li>Bitget: $30.45 billion, down 25.3%. The market share is 9.74%</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/img202309110427449e33b266-0c45-4c4c-94aa-35bfaf652616.jpg">
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Top Exchanges' Weekly Trading Volume Dropped over 30% Last Week to New Low in 2023

TokenInsight

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