Cryptocurrency exchange trading volume fell to $12 trillion in the third quarter, while futures open interest increased by 11%.

A TokenInsight report shows that total trading volume on cryptocurrency exchanges decreased by 27.5% quarter-over-quarter to $12 trillion in the third quarter of 2026. Spot trading volume decreased by 55% to $2 trillion, and derivatives trading volume decreased by 17% to $10 trillion. Meanwhile, the average open interest in cryptocurrency futures increased by 11% quarter-over-quarter to approximately $90 billion. Binance led with a 34.51% share of total trading volume, followed by OKX with 14.41%.