September Sees Crypto Spot Volumes Dip to $1.67T as Summer Rally Cools

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The crypto markets took a breather in September, with combined spot volume on centralized exchanges receding to $1.67 trillion—a 9.7% drop from August and the lowest reading since June.

Binance maintained its top position with $636.5 billion in volume, though it too saw a monthly decline. The chase for second place tightened, with Bybit ($132.1B), Gate.io ($124B), and Bitget ($117.9B) all posting comparable figures.

On the DEX front, the narrative was mixed: Uniswap’s volume fell sharply to $106.5 billion, while PancakeSwap surged to $79.8 billion, indicating a possible shift in trader preference within the decentralized landscape.