Update
Exchanges Report: September Volume Growth
Eleven tracked exchanges processed $4.83 trillion in September, up 14.1% from August. Spot volume rose 30.7% to $762.7 billion, up 2.7 times as fast as derivatives. Tracked reserves rose to $240.2 billion, mostly due to higher prices. All eleven exchange tokens and stocks closed the month higher. Net onchain flows across ten exchanges were +$813 million, positive for a second month but about one seventh of August's +$5.77 billion. Binance's share of volume reached 44.03%, its sixth straight monthly increase. Bybit recorded the largest outflow at −$332 million, after an August inflow. Concentration kept rising.