Spot volume across 14 major exchanges reached $696.7 billion in September, a 36.5% jump from August. Every exchange in the sample posted higher volume, and Binance held a 44.2% share.
Spot trading volume across 14 major exchanges reached $696.7 billion last month, according to data compiled by WuBlockchain. That is a 36.5% jump from the $510.4 billion recorded in August.
Every exchange in WuBlockchain's 14-platform sample posted higher volume in September than in August.
Binance keeps the largest share
Binance processed $307.8 billion in spot trades, a 44.2% share of the sampled market. OKX took second place with $65.8 billion, a 9.5% share.
Coinbase followed at $61.3 billion, or 8.8% of the total. Together, the top three accounted for 62.4% of the market, down from 64.8% in August.
CoinDesk data shows gains across venues
CoinDesk's data showed centralized exchange spot volume climbing 27.3% month over month to $1.13 trillion. Within that number, top-tier centralized platforms handled $816 billion, a 29.3% rise.
Decentralized exchanges also posted spot volume of $279 billion, a 19.8% market share in CoinDesk's figures.
The surge lined up with a move higher in Bitcoin, which climbed from approximately $77,000 to $83,000 over the course of September.
Growth in spot trading also outpaced growth in derivatives volume during the month.
Reports flag possible wash trading
The reports, released between October 10 and 13, 2026, carried warnings about possible wash trading and bot activity inflating the numbers. They also raised the issue of standardizing methodology across trackers.
Source: Crypto Briefing
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