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    Market

    SHIB/USDT

    Where SHIB/USDT trades: Binance, OKX, KuCoin, Bybit and Kraken, spot and perpetual futures, with per-venue 24h volume and share. $54.8M in 24h volume.

    24h volume
    $54.8M
    across all 8 venues
    Exchanges
    5
    8 listings in total
    Market type
    Spot + futures
    3 futures, 5 spot

    SHIB/USDT trades on 5 exchanges across 8 listings — 3 perpetual futures markets and 5 spot books.

    Binance runs the deepest of them at $25.6M over 24 hours, 46.8% of the $54.8M total we measure across all 8 of them.

    Where SHIB/USDT trades

    Exchange Type Symbol 24h volume Share
    Binance Perpetual 1000SHIBUSDT ×1,000 $25.6M 46.8%
    OKX Perpetual SHIB-USDT-SWAP $14.2M 25.9%
    KuCoin Spot SHIB-USDT $8.0M 14.5%
    Binance Spot SHIBUSDT $2.6M 4.8%
    KuCoin Perpetual SHIBUSDTM $1.8M 3.2%
    OKX Spot SHIB-USDT $1.7M 3.1%
    Bybit Spot SHIBUSDT $897.6K 1.6%
    Kraken Spot SHIBUSDT $6.1K <0.1%

    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 and KuCoin.

    Spot: KuCoin, Binance, OKX, Bybit and Kraken.

    Where the liquidity sits

    The top 3 venues hold 87.2% of measured SHIB/USDT turnover: Binance perpetuals ($25.6M, 46.8%), OKX perpetuals ($14.2M, 25.9%) and KuCoin spot ($8.0M, 14.5%).

    Perpetual futures account for 75.9% 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.

    Contract sizing

    Binance lists it as 1000SHIBUSDT: one contract covers 1,000 SHIB, so its quoted price is 1,000x the SHIB price.

    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.

    FAQ

    Which exchange has the most SHIB/USDT volume?
    Binance, with $25.6M of 24-hour perpetual futures turnover — 46.8% of the $54.8M we measure across 8 reporting venues.
    Can I trade SHIB/USDT as a perpetual future?
    Yes. Binance, OKX and KuCoin list a SHIB/USDT perpetual.
    How much SHIB/USDT trades in 24 hours?
    $54.8M across 8 of the 8 listings on this page. Venues quoting the pair against something other than a USD stablecoin are excluded from that total rather than converted.
    Why does Binance call this 1000SHIBUSDT?
    Because one contract covers 1,000 SHIB. Venues bundle low-priced assets this way so the tick size stays meaningful; the underlying market is the same SHIB/USDT.
    Last reviewed:
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