O/USDT
Where O/USDT trades: Binance, OKX, KuCoin and Bybit, spot and perpetual futures, with per-venue 24h volume and share. $4.2M in 24h volume.
O/USDT trades on 4 exchanges across 5 listings — 4 perpetual futures markets and 1 spot book.
Binance runs the deepest of them at $2.1M over 24 hours, 50.5% of the $4.2M total we measure across all 5 of them.
Where O/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $2.1M | 50.5% |
| OKX | $723,955 | 17.0% |
| KuCoin | $707,188 | 16.6% |
| Bybit | $458,756 | 10.8% |
| KuCoin | $213,444 | 5.0% |
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, OKX, KuCoin and Bybit.
Spot: KuCoin.
Where the liquidity sits
The top 3 venues hold 84.2% of measured O/USDT turnover: Binance perpetuals ($2.1M, 50.5%), OKX perpetuals ($723,955, 17.0%) and KuCoin perpetuals ($707,188, 16.6%).
Perpetual futures account for 95.0% 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.