OP/USDT
Where OP/USDT trades: Binance, Bybit, OKX and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $77.2M 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 $38.8M over 24 hours, 50.2% of the $77.2M total we measure across all 8 of them.
Where OP/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $38.8M | 50.2% |
| Bybit | $15.5M | 20.0% |
| OKX | $12.2M | 15.8% |
| Binance | $5.2M | 6.8% |
| OKX | $2.6M | 3.3% |
| Bybit | $1.4M | 1.8% |
| KuCoin | $1.1M | 1.4% |
| KuCoin | $477,598 | 0.6% |
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, Bybit, OKX and KuCoin.
Spot: Binance, OKX, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 86.0% of measured OP/USDT turnover: Binance perpetuals ($38.8M, 50.2%), Bybit perpetuals ($15.5M, 20.0%) and OKX perpetuals ($12.2M, 15.8%).
Perpetual futures account for 87.4% 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.