According to <a target="_blank" href="https://tokeninsight.com/en/dashboard/exchange/total-volume">TokenInsight Dashboard</a>, during the last week (September 17-September 23), the top exchanges' total trading volume was $381.1 billion, down 16.8% compared to the previous week. This is the fourth time in 2023 that the top exchanges' weekly trading volume is below $400 billion, also the third time since mid-August.
Meanwhile, last week's spot volume was $61.14 billion, down 11.3%. The weekly derivatives volume was $319.97 billion, down 17.7%.
<img src="https://s2.tokeninsight.com/static/calendar/img20230925044836845cfb98-9acd-488f-a433-271991f0e6db.jpg">
The top 5 exchanges' trading volumes last week are as follows:
<ul>
 <li>Binance: $189.85 billion, down 14.8%. The market share is 50.68%</li>
 <li>OKX: $65.70 billion, down 20.5%. The market share is 17.54%</li>
 <li>Bybit: $51.38 billion, down 18.7%. The market share is 13.72%</li>
 <li>Coinbase: $4.50 billion, down 16.0%. The market share is 1.20%</li>
 <li>Bitget: $31.35 billion, down 21.8%. The market share is 8.37%</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/img20230925044844d0a5d914-da65-479d-a68a-8a3fbdb0bda5.jpg">
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Top Exchanges' Weekly Trading Volume Below $400B Again Last Week

TokenInsight

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