Binance’s share rose to 42.7% in Q3 from 38.7% in Q2. Total spot turnover among the 10 exchanges fell 14.2%.
The group’s total was $1.93 trillion in Q2, making the quarterly decline 14.2%, according to CoinGecko’s Q3 report. Binance’s share had been 38.7% in the previous quarter. Turnover measures the value of trades over a period.
July marked the quarter’s low at $443.6 billion; turnover rose to $712.3 billion in August. Upbit’s volume ended Q3 down 33.7%, the steepest decline in the group, despite double-digit September growth across all 10 exchanges.
