BTC/USD
Where BTC/USD trades: OKX, Kraken, Binance, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $781.3M in 24h volume.
BTC/USD trades on 5 exchanges across 8 listings — 4 perpetual futures markets and 4 spot books.
OKX runs the deepest of them at $473.7M over 24 hours, 60.6% of the $781.3M total we measure across the 6 of 8 venues that publish a USD figure.
Where BTC/USD trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| OKX | Perpetual |
BTC-USD-SWAP
|
$473.7M | 60.6% |
| Kraken | Spot |
XXBTZUSD
|
$274.1M | 35.1% |
| OKX | Spot |
BTC-USD
|
$30.0M | 3.8% |
| Binance | Spot |
BTCUSD
|
$2.1M | 0.3% |
| Bybit | Spot |
BTCUSD
|
$1.5M | 0.2% |
| KuCoin | Perpetual |
XBTUSDM
|
$111 | <0.1% |
| Binance | Perpetual |
BTCUSD_PERP
|
— | — |
| Bybit | Perpetual |
BTCUSD
|
— | — |
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: OKX, KuCoin, Binance and Bybit.
Spot: Kraken, OKX, Binance and Bybit.
Where the liquidity sits
The top 3 venues hold 99.5% of measured BTC/USD turnover: OKX perpetuals ($473.7M, 60.6%), Kraken spot ($274.1M, 35.1%) and OKX spot ($30.0M, 3.8%).
Perpetual futures account for 60.6% 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.
2 of the 8 BTC/USD listings here have no USD figure for that reason and show a dash. The total covers the 6 that do.