Data compiled by the Wu Talk team shows that in September 2026, the total derivatives trading volume across major exchanges reached approximately $3.84 trillion, up about 9.4% compared to $3.51 trillion in August 2026. The sample includes 12 exchanges, with 8 seeing month-on-month increases and 4 experiencing declines. Based on trading volume rankings, the top three are Binance at $1.78 trillion (46.5%), OKX at $698.8 billion (18.2%), and Bybit at $405.6 billion (10.6%). In terms of market concentration, the top three accounted for approximately 75.3%, higher than August's 74.7%. As for the contract-to-spot trading volume ratio, September 2026 recorded 5.51x, down about 19.8% from August 2026's 6.87x. https://(wublock123.com)/articles/exchange-derivatives-volume-sept-2026-3-84t-9-4pct-5-51x-59658