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Bybit Became The Crypto Exchange With The Most Volume Growth In September

Statistics from Wu said that the research team showed that the spot trading volume of major exchanges in September increased by 15% compared to the previous month. However, the top does not belong to major exchanges like Binance, Coinbase, but Bybit.

Over the past month, Bybit has led the growth of spot trading volume. Today’s top exchange, Binance, saw only a 25% increase in volume but is still the top exchange in terms of total spot trading volume.

Source: Wu Blockchain

Derivatives trading volume in September increased by 3.7% month-on-month. The three exchanges with the most growth are Phemex with a 103% increase, MEXC up 29%, and Bybit (Futures) up 9%. Notably, Crypto.com was the exchange that dropped the most with 50% compared to the previous month.

Source: Wu Blockchain

Next is crypto exchange website traffic which dropped by 6.9% month-on-month in September. The top growth rate for traffic belongs to BitMart 34%. The top three losers are Upbit -24%, MEXC -18%, and Gate -17%. The main traffic sources are the United States, Russia, and South Korea.

Source: Wu Blockchain

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.