BlockBeats News, October 6th, the monthly spot trading volume of cryptocurrency exchanges dropped to $1.67 trillion in September, hitting the lowest level since June.
According to The Block’s data dashboard, the September exchange volume decreased by 9.7% from August’s $1.85 trillion, marking the slowest month for trading since June ($1.1 trillion). Specifically, Binance maintained its position as the largest exchange with a trading volume of $636.5 billion in September, down from $737.1 billion in August. Bybit ranked second among all exchanges with a trading volume of $132.1 billion, followed by Gate.io ($124.0 billion) and Bitget ($117.9 billion).
Meanwhile, the trading volume of decentralized exchanges saw a slight decline in September, dropping from $368.8 billion in August to $363.4 billion. Among them, Uniswap’s volume decreased from $143.0 billion to $106.5 billion, while PancakeSwap’s volume rose from $58.7 billion to $79.8 billion.
