BTC/USDC
Where BTC/USDC trades: Binance, Bybit, OKX, Kraken and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $2.98B in 24h volume.
BTC/USDC trades on 5 exchanges across 8 listings — 3 perpetual futures markets and 5 spot books.
Binance runs the deepest of them at $2.51B over 24 hours, 84.2% of the $2.98B total we measure across all 8 of them.
Where BTC/USDC trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $2.51B | 84.2% |
| Binance | $324.5M | 10.9% |
| Bybit | $56.3M | 1.9% |
| Bybit | $41.5M | 1.4% |
| OKX | $20.9M | 0.7% |
| Kraken | $12.3M | 0.4% |
| KuCoin | $11.9M | 0.4% |
| KuCoin | $2.7M | <0.1% |
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.
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Spot or perpetual
Perpetual futures: Binance, Bybit and KuCoin.
Spot: Binance, Bybit, OKX, Kraken and KuCoin.
Where the liquidity sits
The top 3 venues hold 97.0% of measured BTC/USDC turnover: Binance perpetuals ($2.51B, 84.2%), Binance spot ($324.5M, 10.9%) and Bybit perpetuals ($56.3M, 1.9%).
Perpetual futures account for 86.2% 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.