In September, the combined spot and derivatives trading volume on centralised exchanges fell for the third consecutive month, dropping 20.3% to $1.67tn. This was the lowest combined monthly trading volume recorded since December 2022.

Key Takeaways

• Spot trading volume on centralised exchanges fell for the third consecutive month, falling 29.2% to $336bn.
• Spot tradingvolumes on Binance decreased by 36.8%, falling to $115 billion in September and recording the lowest monthly spot volumes for the exchange since October 2020.
• The derivatives trading volume on centralised exchanges fell 17.7% to $1.33tn, recording the lowest monthly derivatives trading volume since December 2020.