Spot and derivatives trading volumes on centralized exchanges dropped in September, reflecting a seasonal market slowdown and cautious investor sentiment, according to The Block.
Cryptocurrency exchange spot trading volumes declined to $1.67 trillion in September, a 9.7% drop from August. Binance led with $636.5 billion in trades, followed by Bybit, Gate.io, and Bitget. Decentralized exchange volumes also dropped slightly, with Uniswap’s volume falling by $36.5 billion. Analysts attribute the decline to market caution and seasonal trends.