Major Exchanges See 14% Decline in September Spot Trading Volume

Bybit, MEXC, and BitMart led resilience, while Bitfinex, Cryptocom, and OKX posted steep declines.

Summary

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Terms & Concepts
  • Spot Trading Volume: The total amount of cryptocurrency traded for immediate settlement on exchanges within a specific period.
  • Centralized Exchange (CEX): A cryptocurrency trading platform managed by a centralized entity that facilitates buying and selling through an order book system.
  • Change Rate: Percentage change in trading volume between time periods, used to track growth or decline of exchange activity.