Crypto exchange derivatives volume rose 9.4% to $3.84T in September
- —Derivatives volume rose to $3.84T from $3.51T in August, up 9.4%
- —Binance led with $1.78T (46.5%), OKX $698.8B (18.2%), Bybit $405.6B (10.6%)
- —Top-3 exchanges' combined share rose to 75.3% from 74.7% in August
- —Derivatives-to-spot volume ratio fell to 5.51x from 6.87x in August
Why it matters: The rising share of the top three exchanges points to further concentration of derivatives liquidity on the largest venues.
Source: TokenPost