“September” was the fifth straight month in which Fiat volume fell, according to The Block’s Data Dashboard, with a -3% drop in September compared to August.
Of all the crypto exchanges supporting fiat, FTX had the highest volume in September at — 24.6%, followed by Coinbase at 22.7%, followed by Upbit at 13%.
Total Fiat money was $210.6 billion in September, compared to $219 billion in August.
The month-to-month change between August and September was -3.8%, although the biggest drop in the past five months was -20% between May and June.
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