Cryptocurrency Exchanges See Major Volume Drop: Binance Still Leads

September marked a significant dip in cryptocurrency exchange trading volumes, reaching $1.67 trillion. This decline was most notable for decentralized exchanges, which saw their volume fall slightly to $363.4 billion from $368.8 billion in August. Despite this decrease, Binance maintained its dominant position with monthly trading volume exceeding $636.5 billion, while Bybit, Gate.io and Bitget followed closely behind. However, the overall volume was down about $200 billion compared to August’s record-breaking levels, suggesting a shift in market dynamics.