OP/USDT
Where OP/USDT trades: Binance, OKX, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $33.5M in 24h volume.
OP/USDT trades on 4 exchanges across 8 listings — 4 perpetual futures markets and 4 spot books.
Binance runs the deepest of them at $16.4M over 24 hours, 48.9% of the $33.5M total we measure across all 8 of them.
Where OP/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
OPUSDT
|
$16.4M | 48.9% |
| OKX | Perpetual |
OP-USDT-SWAP
|
$7.0M | 21.0% |
| Bybit | Perpetual |
OPUSDT
|
$6.6M | 19.8% |
| Binance | Spot |
OPUSDT
|
$1.6M | 4.7% |
| OKX | Spot |
OP-USDT
|
$939.3K | 2.8% |
| Bybit | Spot |
OPUSDT
|
$531.9K | 1.6% |
| KuCoin | Perpetual |
OPUSDTM
|
$384.6K | 1.1% |
| KuCoin | Spot |
OP-USDT
|
$52.5K | 0.2% |
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, Bybit and KuCoin.
Spot: Binance, OKX, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 89.6% of measured OP/USDT turnover: Binance perpetuals ($16.4M, 48.9%), OKX perpetuals ($7.0M, 21.0%) and Bybit perpetuals ($6.6M, 19.8%).
Perpetual futures account for 90.8% 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.