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    2Z/USDT

    Where 2Z/USDT trades: Binance, OKX, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $5.1M in 24h volume.

    24h volume
    $5.1M
    across all 8 venues
    Exchanges
    4
    8 listings in total
    Market type
    Spot + futures
    4 futures, 4 spot

    2Z/USDT trades on 4 exchanges across 8 listings — 4 perpetual futures markets and 4 spot books.

    Binance runs the deepest of them at $2.4M over 24 hours, 47.6% of the $5.1M total we measure across all 8 of them.

    Where 2Z/USDT trades

    Exchange Type Symbol 24h volume Share
    Binance Perpetual 2ZUSDT $2.4M 47.6%
    OKX Perpetual 2Z-USDT-SWAP $1.1M 21.0%
    Bybit Perpetual 2ZUSDT $784.2K 15.4%
    Binance Spot 2ZUSDT $444.4K 8.7%
    OKX Spot 2Z-USDT $190.2K 3.7%
    Bybit Spot 2ZUSDT $107.1K 2.1%
    KuCoin Perpetual 2ZUSDTM $48.3K 0.9%
    KuCoin Spot 2Z-USDT $27.1K 0.5%

    Volume is 24h turnover in USD, taken from each exchange's public ticker. A dash means the venue quotes the pair against something other than a USD stablecoin, so we have no honest USD figure for it rather than a converted guess. Updated 2026-08-19 16:29 UTC.

    Spot or perpetual

    Perpetual futures: Binance, OKX, Bybit and KuCoin.

    Spot: Binance, OKX, Bybit and KuCoin.

    Where the liquidity sits

    The top 3 venues hold 84.0% of measured 2Z/USDT turnover: Binance perpetuals ($2.4M, 47.6%), OKX perpetuals ($1.1M, 21.0%) and Bybit perpetuals ($784.2K, 15.4%).

    Perpetual futures account for 84.9% of it, spot the rest. Futures turnover is notional, so it is not directly comparable to spot volume — the same dollar of margin moves several dollars of notional.

    How we measure this

    Volume is 24-hour turnover from each exchange's own public ticker, refreshed on a schedule rather than streamed. We only publish a dollar figure where the pair is quoted against a USD stablecoin, so the number is the venue's own turnover and not a conversion of ours.

    FAQ

    Which exchange has the most 2Z/USDT volume?
    Binance, with $2.4M of 24-hour perpetual futures turnover — 47.6% of the $5.1M we measure across 8 reporting venues.
    Can I trade 2Z/USDT as a perpetual future?
    Yes. Binance, OKX, Bybit and KuCoin list a 2Z/USDT perpetual.
    How much 2Z/USDT trades in 24 hours?
    $5.1M across 8 of the 8 listings on this page. Venues quoting the pair against something other than a USD stablecoin are excluded from that total rather than converted.
    Last reviewed:
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