According to <a target="_blank" href="https://tokeninsight.com/en/dashboard/exchange/total-volume">TokenInsight Dashboard</a>, during the last week (September 10-September 16), the top exchanges' total trading volume was $457.9 billion, up 44.4% compared to the previous week. Meanwhile, last week's spot volume was $68.91 billion, up 32.5%. The weekly derivatives volume was $388.95 billion, up 46.8%.
<img src="https://s2.tokeninsight.com/static/calendar/img20230918034803f3847bb0-89d2-438d-add5-4376e291caf4.jpg">
The top 5 exchanges' trading volumes last week are as follows:
<ul>
 <li>Binance: $222.71 billion, up 32.9%. The market share is 49.58%</li>
 <li>OKX: $82.68 billion, up 64.0%. The market share is 18.41%</li>
 <li>Bybit: $63.18 billion, up 60.8%. The market share is 14.06%</li>
 <li>Coinbase: $5.36 billion, up 38.1%. The market share is 1.19%</li>
 <li>Bitget: $40.07 billion, up 31.6%. The market share is 8.92%</li>
</ul>
It's worth noting that it's the first time in the past two years that Binance's market share was below 50%. On the other hand, the trading volumes of OKX and Bybit have both increased by more than 60%, and their market shares have also gone up by 2.28% and 1.49% respectively last week.
<img src="https://s2.tokeninsight.com/static/calendar/img202309180348039a461c52-3ec1-4e21-ba39-0e23e23c0025.jpg">
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/img202309180348143b2884de-a975-4e50-a482-f2f1bf1f640d.jpg">
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Top Exchanges' Trading Volume Increased by 44% Last Week, Binance's Market Share Dropped to Below 50%

TokenInsight

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