**Crypto Trading Volumes Dip in September, Binance Leads Despite Slump**

Global crypto exchange Binance saw a notable drop in trading activity last month. According to a CCData report, Binance's derivatives trading volume fell 21% to $1.25 trillion, its lowest since October 2023. Spot trading also took a hit, dropping 22.9% to $344 billion, marking the lowest since November 2023. Consequently, Binance's market share in derivatives and spot trading slipped to 40.7% and 27%, respectively.

However, Binance still leads the global spot trade market among centralized exchanges (CEXs). Meanwhile, Crypto.com gained traction, with its spot and derivatives volumes rising over 40%, making it the fourth-largest exchange by volume.

Overall, the total trading volume on centralized exchanges fell by 17% to $4.34 trillion, the lowest since June. Analysts expect trading activity to pick up as the US Federal Reserve's rate cuts boost liquidity and capital flows into cryptocurrencies.