O/USDT
Where O/USDT trades: Binance, OKX, KuCoin and Bybit, spot and perpetual futures, with per-venue 24h volume and share. $10.0M 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 $4.0M over 24 hours, 40.6% of the $10.0M total we measure across all 5 of them.
Where O/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
OUSDT
|
$4.0M | 40.6% |
| OKX | Perpetual |
O-USDT-SWAP
|
$3.5M | 34.9% |
| KuCoin | Perpetual |
OUSDTM
|
$1.5M | 15.5% |
| Bybit | Perpetual |
OUSDT
|
$744.1K | 7.5% |
| KuCoin | Spot |
O-USDT
|
$149.0K | 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, OKX, KuCoin and Bybit.
Spot: KuCoin.
Where the liquidity sits
The top 3 venues hold 91.0% of measured O/USDT turnover: Binance perpetuals ($4.0M, 40.6%), OKX perpetuals ($3.5M, 34.9%) and KuCoin perpetuals ($1.5M, 15.5%).
Perpetual futures account for 98.5% 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.