STABLE/USDT
Where STABLE/USDT trades: Binance, Bybit, OKX and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $1.6M in 24h volume.
STABLE/USDT trades on 4 exchanges across 6 listings — 4 perpetual futures markets and 2 spot books.
Binance runs the deepest of them at $968,361 over 24 hours, 59.7% of the $1.6M total we measure across all 6 of them.
Where STABLE/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $968,361 | 59.7% |
| Bybit | $336,066 | 20.7% |
| Bybit | $154,922 | 9.5% |
| OKX | $119,503 | 7.4% |
| KuCoin | $32,781 | 2.0% |
| KuCoin | $11,209 | 0.7% |
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: Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 89.9% of measured STABLE/USDT turnover: Binance perpetuals ($968,361, 59.7%), Bybit perpetuals ($336,066, 20.7%) and Bybit spot ($154,922, 9.5%).
Perpetual futures account for 88.4% 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.