Data compiled by the WuBlockchain team showed that spot trading volume across major cryptocurrency exchanges reached about $510.4 billion in August 2026, rising 19.0% from $429.0 billion in July. The sample covered 14 exchanges, with 13 posting month-over-month increases and one recording a decline.
By trading volume, Binance ranked first with $243.1 billion, accounting for 47.6% of the total. OKX followed with $46.9 billion and a 9.2% share, while Coinbase placed third with $40.9 billion and an 8.0% share. The top-ranked exchange accounted for 47.6% on its own, and the top three together represented about 64.8% of total spot volume in the sample.
WuBlockchain also noted that the data may still carry significant wash trading or bot-related distortions. It said the dataset had been preprocessed, including outlier removal, methodology calibration, and standardization.
Data compiled by the WuBlockchain team showed that spot trading volume across major exchanges totaled about $510.4 billion in August 2026, up about 19.0% from $429.0 billion in July 2026. The related dashboard is available at https://data.wublockchain.xyz/dashboard/exchange_volume
13 of 14 exchanges posted monthly gains
The sample covered 14 exchanges. Of those, 13 recorded month-over-month increases in spot volume, while one posted a decline.
Top exchanges by spot volume
Binance, OKX, and Coinbase ranked as the top three exchanges by trading volume.
- Binance: $243.1 billion, or 47.6%
- OKX: $46.9 billion, or 9.2%
- Coinbase: $40.9 billion, or 8.0%
Market concentration
In terms of concentration, the largest exchange accounted for about 47.6% of the total, while the top three together made up about 64.8%.
Data note
WuBlockchain said the figures may still involve serious suspected wash trading or bot activity. It added that the data had been preprocessed, including outlier removal, methodology calibration, and standardization.
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