NIL/USDT
Where NIL/USDT trades: Binance, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $11.8M in 24h volume.
NIL/USDT trades on 3 exchanges across 5 listings — 3 perpetual futures markets and 2 spot books.
Binance runs the deepest of them at $7.7M over 24 hours, 65.2% of the $11.8M total we measure across all 5 of them.
Where NIL/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
NILUSDT
|
$7.7M | 65.2% |
| Bybit | Perpetual |
NILUSDT
|
$1.8M | 15.6% |
| Binance | Spot |
NILUSDT
|
$1.8M | 15.3% |
| KuCoin | Spot |
NIL-USDT
|
$293.2K | 2.5% |
| KuCoin | Perpetual |
NILUSDTM
|
$172.0K | 1.5% |
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 and KuCoin.
Spot: Binance and KuCoin.
Where the liquidity sits
The top 3 venues hold 96.1% of measured NIL/USDT turnover: Binance perpetuals ($7.7M, 65.2%), Bybit perpetuals ($1.8M, 15.6%) and Binance spot ($1.8M, 15.3%).
Perpetual futures account for 82.2% 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. 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.