Global cryptocurrency trading activity slowed in September, with total spot volume on centralized exchanges falling 9.7% to $1.67 trillion.
This is the lowest level since June, suggesting a possible summer lull in market activity.
Binance remained the dominant market leader despite its volume falling from $737.1 billion in August to $636.5 billion. Bybit, Gate.io, and Bitget followed as the next largest platforms by volume.
Meanwhile, decentralized exchanges saw a slight decline in activity, with Uniswap's volume falling significantly to $106.5 billion, while PancakeSwap experienced notable growth, rising from $58.7 billion to $79.8 billion.