CEX spot trading volume fell to $1.67 trillion in September, the lowest level since June
On October 6th, it was reported that the monthly spot trading volume of cryptocurrency exchanges dropped to $1.67 trillion in September, hitting the lowest level since June. According to TheBlock's data dashboard, the trading volume of exchanges in September decreased by 9.7% from $1.85 trillion in August, making it the slowest month for trading since June ($1.1 trillion).
Specifically, Binance maintained its position as the largest trading platform, recording a trading volume of $636.5 billion in September, compared to $737.1 billion in August. Bybit ranked second among all trading platforms with a trading volume of $132.1 billion, followed by Gate.io ($124 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 trading volume decreased from $143 billion to $106.5 billion, while PancakeSwap's trading volume increased from $58.7 billion to $79.8 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Coast Guard Strengthens Prohibition of Hate Symbols to Combat Antisemitism and Extremist Activity
- U.S. Coast Guard reversed a policy to reclassify hate symbols like swastikas and nooses from "potentially divisive" to prohibited, following backlash from lawmakers and advocacy groups over antisemitism risks. - The reversal came after a leaked draft proposal aligned with Trump-era Pentagon directives, which critics argued weakened harassment definitions and accountability for hate incidents. - Coast Guard reaffirmed strict prohibitions on divisive symbols, emphasizing severe punishment for violations, b
Bitcoin Updates Today: MicroStrategy Faces a Bitcoin Conundrum: Should They Retain for Future Gains or Liquidate to Stay Afloat?
- MicroStrategy's stock hits 52-week low as Bitcoin dips below $88,000, testing its BTC treasury strategy's viability. - 650,000 BTC holdings now "underwater" at $74k average cost, limiting capital raises and straining liquidity instruments. - Preferred shares (STRD/STRK) fall 30-34% as market demands higher yields, while JPMorgan warns of $8.8B outflow risk from index exclusion. - CEO Saylor claims 80% BTC drop tolerance, but critics fear forced sales could trigger self-fulfilling price declines. - Weak c
XRP News Today: XRP Faces $1.75 Test as Buyers Confront $15M Withdrawals with ETFs on the Horizon
- XRP faces critical $1.75 support zone amid $15.5M outflows and 50% decline from July highs. - TD Sequential buy signals and ETF launches (Nov 18) could trigger rebounds or stabilize price. - Key resistance at $2.150 threatens bearish trend if $1.75 support fails to hold. - Market volatility highlights ETFs' potential to shift institutional adoption and price dynamics.
Blockchain Sheds Light on Criminal Networks While Meme Coins Transform the Future of Cryptocurrency
- UK's NCA dismantled a £1B crypto money-laundering network linking Russian entities to drug trafficking and war funding, arresting 128 and seizing £25M in cash/crypto. - Blockchain analytics tools like Chainalysis are enabling law enforcement to track illicit crypto flows, challenging the anonymity of public blockchains in cross-border crime. - Meme coin Apeing (APEING) emerges as a 1000x contender through community-driven momentum, transparent whitelist access, and structured communication, contrasting t
Trending news
MoreCrypto prices
More
