[Report: Crypto Exchange Trading Volume Drops 27.5% QoQ, Average Open Interest Up 11%] TokenInsight's Q3 2026 report on crypto exchanges shows that total trading volume across the exchanges surveyed declined 27.5% quarter-over-quarter to $12 trillion, marking the third consecutive quarter of decline. Spot trading volume fell 55% to $2 trillion, while derivatives trading volume decreased 17% to $10 trillion, accounting for 83% of total trading volume. During the same period, the average open interest in crypto futures increased by 11% quarter-over-quarter to approximately $90 billion. The report states that Binance led with a 34.51% share of total trading volume, followed by OKX with 14.41%.