BASED/USDT
Where BASED/USDT trades: Binance, OKX, KuCoin and Bybit, spot and perpetual futures, with per-venue 24h volume and share. $5.8M in 24h volume.
BASED/USDT trades on 4 exchanges across 7 listings — 4 perpetual futures markets and 3 spot books.
Binance runs the deepest of them at $2.3M over 24 hours, 40.2% of the $5.8M total we measure across all 7 of them.
Where BASED/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $2.3M | 40.2% |
| OKX | $1.8M | 30.3% |
| KuCoin | $567,517 | 9.8% |
| OKX | $492,021 | 8.5% |
| Bybit | $411,503 | 7.1% |
| Bybit | $198,163 | 3.4% |
| KuCoin | $35,605 | 0.6% |
Volume is 24h turnover as each exchange's own public ticker reports it (USD-quoted; on-page amounts follow your selected display currency). A dash means the venue quotes the pair against something other than a USD stablecoin, so there is no honest reported figure for it rather than a converted guess. Updated 2026-09-09 08:38 UTC.
Spot or perpetual
Perpetual futures: Binance, OKX, KuCoin and Bybit.
Spot: OKX, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 80.3% of measured BASED/USDT turnover: Binance perpetuals ($2.3M, 40.2%), OKX perpetuals ($1.8M, 30.3%) and KuCoin perpetuals ($567,517, 9.8%).
Perpetual futures account for 87.5% 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. A venue enters the total only where it quotes the pair against a USD stablecoin, so the underlying figure is the venue's own reported turnover — never a cross-rate guess of ours. On-page amounts follow your selected display currency.