In August, the combined spot and derivatives trading volume on centralised exchanges fell 11.5% to $2.09tn, recording the lowest combined monthly trading volumes this year. The decrease in trading volumes followed movements in price which led to the largest long liquidation event since the FTX collapse.

Key Takeaways

• Spot trading volumes  on centralised exchanges fell for the second consecutive month, falling 7.78% to $475bn.
• Huobi became the second-largest spot exchange by volume In August. Spot trading volume on the exchange rose 46.5% to $28.9bn, contrary to the general trend in the market.
• ETH options volume on the CME set a new all-time high in August, soaring by 77.0% to $365mn