Crypto trading volumes declined to $8.12 trillion in September amid a seasonal slowdown, while Figment strengthened its staking data services through the acquisition of blockchain analytics firm Rated Labs.
Global crypto market activity fell 17.5% in September, with combined spot and derivatives trading volumes declining to $8.12 trillion, marking the first drop after three months of growth and extending a four-year September slowdown trend. Despite lower trading activity, open interest rose 3.2% to $204 billion, reaching a record $230 billion during the month. CME altcoin futures outperformed, with SOL up 57.1% to $13.5 billion and XRP up 7.19% to $7.84 billion, while Bitcoin and Ether futures declined 4.05% and 17.9%. In corporate developments, blockchain staking firm Figment acquired UK-based Rated Labs to enhance its data transparency tools, including Rated Explorer and data APIs, supporting staking analytics across Ethereum, Solana, and Cosmos. The acquisition, part of Figment’s $200 million M&A strategy, follows other major crypto consolidations such as Kraken’s $1.5 billion NinjaTrader and Ripple’s $1.25 billion Hidden Road deals.