According to <a target="_blank" href="https://tokeninsight.com/en/dashboard/exchange/total-volume">TokenInsight Dashboard</a>, during the last week (September 24-September 30), the top exchanges' total trading volume was $376.4 billion, down 1.2% compared to the previous week. This is the fifth time in 2023 that the top exchanges' weekly trading volume is below $400 billion, also the fourth time since mid-August.
Notably, the monthly total trading volume in September hit a new low in two years at about $1.698 trillion. The second-lowest monthly total trading volume in the last two years was in December 2022 at about $1.804 trillion.
Meanwhile, last week's spot volume was $61.92 billion, up 1.3%. The weekly derivatives volume was $314.51 billion, down 1.7%.
<img src="https://s2.tokeninsight.com/static/calendar/img20231002064525f6bce3b4-e843-4eda-a1a8-69715284fcdd.jpg">
The top 5 exchanges' trading volumes last week are as follows:
<ul>
 <li>Binance: $188.20 billion, down 0.87%. The market share is 50.79%</li>
 <li>OKX: $69.52 billion, up 5.81%. The market share is 19.06%</li>
 <li>Bybit: $51.49 billion, up 0.20%. The market share is 14.13%</li>
 <li>Coinbase: $4.86 billion, up 8.14%. The market share is 1.33%</li>
 <li>Bitget: $25.75 billion, down 17.87%. The market share is 6.99%</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/img2023100206454488b51fca-496c-405c-a19e-55a31132396a.jpg">
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Top Exchanges' Total Trading Volume Hit Two-Year Low in September

TokenInsight

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