INIT/USDT
Where INIT/USDT trades: Binance, Bybit, OKX and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $2.2M in 24h volume.
INIT/USDT trades on 4 exchanges across 7 listings — 4 perpetual futures markets and 3 spot books.
Binance runs the deepest of them at $991,207 over 24 hours, 45.5% of the $2.2M total we measure across all 7 of them.
Where INIT/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $991,207 | 45.5% |
| Bybit | $529,163 | 24.3% |
| Binance | $283,077 | 13.0% |
| Bybit | $219,828 | 10.1% |
| OKX | $113,631 | 5.2% |
| KuCoin | $23,192 | 1.1% |
| KuCoin | $20,521 | 0.9% |
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, Bybit, OKX and KuCoin.
Spot: Binance, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 82.7% of measured INIT/USDT turnover: Binance perpetuals ($991,207, 45.5%), Bybit perpetuals ($529,163, 24.3%) and Binance spot ($283,077, 13.0%).
Perpetual futures account for 76.0% 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.