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Crypto Spot Trading Volume Reaches $696.7 Billion in September 2026
In September 2026, crypto spot trading volume surged to $696.7 billion across 14 major exchanges, marking a 36.5% increase from the previous month's total of $510.4 billion. This resurgence in trading activity follows a summer period where many traders remained inactive. Data compiled by WuBlockchain indicates that every exchange in the sample experienced higher volumes in September compared to August.
Binance continued to dominate the market, processing $307.8 billion in spot trades, which accounted for 44.2% of the total market share. OKX and Coinbase followed, with volumes of $65.8 billion and $61.3 billion, respectively, representing 9.5% and 8.8% of the market. Together, the top three exchanges comprised 62.4% of the total trading volume, a slight decrease from 64.8% in August.
Centralized exchanges saw a month-over-month increase of 27.3%, bringing their total spot volume to $1.13 trillion, with top-tier platforms handling $816 billion, a rise of 29.3%. Decentralized exchanges also contributed significantly, with a spot volume of $279 billion, capturing a 19.8% market share. The increase in trading volume coincided with a rise in Bitcoin's price, which climbed from approximately $77,000 to $83,000 during September. However, reports have raised concerns about potential wash trading and bot activity that could be inflating these figures.
Source: KLEA News