Cryptocurrency exchanges in The Block’s Real Volume index recorded a total trading turnover of more than $169 billion in September, the edition reported.
Source: The Block.
The Block’s analysts account for trading volumes across 24 exchanges, where turnover was recognised as fully or largely real. By this criterion, a number of well-known platforms were not included in the index, including Huobi, OKEx, Bithumb, Upbit, KuCoin and Coinfloor.
September was the second-busiest month by trading volume in 2020, behind August.
The largest by turnover remains Binance, which accounted for $113 billion during the month, or 66.8% of the total.
Followed by Coinbase with an 8% share and LMAX Digital with 5.7%.
Earlier in September, exceeded $23 billion in trading volume on decentralised exchanges.
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