INIT/USDT
Where INIT/USDT trades: Binance, Bybit, OKX and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $3.7M 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 $1.9M over 24 hours, 51.0% of the $3.7M total we measure across all 7 of them.
Where INIT/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
INITUSDT
|
$1.9M | 51.0% |
| Bybit | Perpetual |
INITUSDT
|
$580.2K | 15.7% |
| Bybit | Spot |
INITUSDT
|
$537.6K | 14.6% |
| Binance | Spot |
INITUSDT
|
$525.2K | 14.3% |
| OKX | Perpetual |
INIT-USDT-SWAP
|
$117.2K | 3.2% |
| KuCoin | Perpetual |
INITUSDTM
|
$34.7K | 0.9% |
| KuCoin | Spot |
INIT-USDT
|
$9.3K | 0.3% |
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: Binance, Bybit, OKX and KuCoin.
Spot: Bybit, Binance and KuCoin.
Where the liquidity sits
The top 3 venues hold 81.4% of measured INIT/USDT turnover: Binance perpetuals ($1.9M, 51.0%), Bybit perpetuals ($580.2K, 15.7%) and Bybit spot ($537.6K, 14.6%).
Perpetual futures account for 70.9% 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.