Top Exchanges' Total Trading Volume Hit 2023 Low in August, Despite Rising Nearly 20% Last Week

Top Exchanges' Total Trading Volume Hit 2023 Low in August, Despite Rising Nearly 20% Last Week

According to TokenInsight Dashboard, during the last week (August 27-September 2), the top exchanges' total trading volume was $464.8 billion, up 19.4% compared to the previous week. On August 29, following the Bitcoin price surge, the daily total trading volume reached $122.19 billion, the second-highest since July 15, 2023. However, the monthly total trading volume in August hit a new low in 2023. At $2.015 trillion, August's volume is the second-lowest within the last two years, only better than December 2022.

Meanwhile, last week's spot volume was $71.24 billion, up 16.3% compared to the previous week. The weekly derivatives volume was $393.55 billion, up 20.0%.

The top 5 exchanges' total trading volumes last week are as follows:

  • Binance: $244.69 billion, up 20.0%. The market share is 53.47%
  • OKX: $75.63 billion, up 20.5%. The market share is 16.53%
  • Bybit: $63.32 billion, up 32.1%. The market share is 13.84%
  • Coinbase: $5.51 billion, up 1.7%. The market share is 1.20%
  • Bitget: $40.77 billion, up 5.6%. The market share is 8.91%

Note: TokenInsight has selected some exchanges based on our database to calculate the total trading volume, instead of including all exchanges. We have selected 10 exchanges each for spot and derivatives, which account for over 90% of the total trading volume in the market. The 10 selected spot exchanges are Binance, Coinbase, OKX, Bybit, KuCoin, Bitget, Upbit, Gate, Kraken, and Bitfinex. The 10 selected derivative exchanges are Binance, OKX, Bybit, Kucoin, Bitget, Gate, Kraken, Bitfinex, BitMEX, and Deribit. Learn more

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