In September 2026, spot trading volume across 14 major exchanges reached $696.7 billion, marking a 36.5% increase from the $510.4 billion recorded in August. Every platform in the sample reported growth during this period.
Binance maintained its market leadership by processing $307.8 billion in trades, capturing a 44.2% share. OKX followed with $65.8 billion, while Coinbase recorded $61.3 billion, representing 9.5% and 8.8% of the market respectively.
The top three exchanges collectively held a 62.4% market share, a decrease from 64.8% in August. CoinDesk reported that total centralized exchange spot volume rose 27.3% to $1.13 trillion, with decentralized exchanges reaching $279 billion.
The rise in trading activity coincided with an increase in the price of Bitcoin, which moved from approximately $77,000 to $83,000 throughout September. Spot trading growth outpaced the increase in derivatives volume.
Reports published between October 10 and 13, 2026, noted that these figures may be influenced by wash trading and bot activity. Analysts also highlighted the ongoing challenge of standardizing data collection methodologies.
