A broader market pause is creating opportunities for strategic shifts among crypto exchanges. With total spot volume receding to $1.67 trillion in September, the hierarchy beneath market leader Binance is becoming more contested.
Bybit, Gate.io, and Bitget are now in a tight race for the number two spot. Simultaneously, the decentralized exchange scene is in flux; Uniswap’s dominance wavered as its volume fell, while PancakeSwap demonstrated robust growth.
This suggests that even in a quieter market, the competitive landscape is actively evolving, setting the stage for potential reshuffling in the coming months.
