Trading activity on centralized crypto exchanges declined in September. Combined spot and derivatives volumes fell for the first time in three months, dropping 17.5% to $8.12T.
Trading activity on centralized crypto exchanges declined in September. Combined spot and derivatives volumes fell for the first time in three months, dropping 17.5% to $8.12T.
Spot trading volume decreased 9.43% to $2.14T, while derivatives volume saw a steeper decline of 20.1% to $5.98T. This shift pushed derivatives market share down from 76.0% to 73.7%.
The total open interest across all derivatives exchanges rose 3.20% to $204B, reaching as high as $230B, a new all-time high for the market. Binance continues to lead other derivatives markets in open interest with a market share of 19.3%
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