H/USDT
Where H/USDT trades: KuCoin, Binance, OKX and Bybit, spot and perpetual futures, with per-venue 24h volume and share. $13.7M in 24h volume.
H/USDT trades on 4 exchanges across 6 listings — 4 perpetual futures markets and 2 spot books.
KuCoin runs the deepest of them at $4.3M over 24 hours, 31.5% of the $13.7M total we measure across all 6 of them.
Where H/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| KuCoin | $4.3M | 31.5% |
| Binance | $3.1M | 22.3% |
| OKX | $2.8M | 20.8% |
| Bybit | $2.3M | 16.8% |
| Bybit | $832,699 | 6.1% |
| KuCoin | $344,408 | 2.5% |
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: KuCoin, Binance, OKX and Bybit.
Spot: Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 74.6% of measured H/USDT turnover: KuCoin perpetuals ($4.3M, 31.5%), Binance perpetuals ($3.1M, 22.3%) and OKX perpetuals ($2.8M, 20.8%).
Perpetual futures account for 91.4% 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.