Binance combined trading volumes for spot and derivatives markets declined in September, marking its lowest levelsince 2020. General trading volumes among centralized exchanges fell in September as Q3 ended. Open interest on retail derivatives exchanges increased by 32.1% in September following Fed rate cut. CCData's report on Thursday revealed that Binance's market share for spot and derivatives trading volumes declined in the last month of Q3, dropping to lows not seen since 2020.
6%, the lowest since September 2020, although it remains the leader in global spot trading volume among centralized exchanges. Spot trading volumes on centralized exchanges decreased by 17.2% to $1.27 trillion, the lowest level since June. Likewise, derivatives trading volumes on these exchanges dropped by 16.9% to $3.07 trillion, also reaching their lowest point since June. Additionally, open interest in retail derivatives exchanges surged by 32.1% to $53.
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Source: CoinDesk - 🏆 291. / 63 Read more »