T/USDT
Where T/USDT trades: Binance, Bybit, KuCoin and OKX, spot and perpetual futures, with per-venue 24h volume and share. $8.3M in 24h volume.
T/USDT trades on 4 exchanges across 6 listings — 3 perpetual futures markets and 3 spot books.
Binance runs the deepest of them at $6.1M over 24 hours, 73.7% of the $8.3M total we measure across all 6 of them.
Where T/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $6.1M | 73.7% |
| Bybit | $1.2M | 15.0% |
| Binance | $774,678 | 9.4% |
| KuCoin | $102,423 | 1.2% |
| OKX | $44,749 | 0.5% |
| KuCoin | $10,916 | 0.1% |
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 and KuCoin.
Spot: Binance, OKX and KuCoin.
Where the liquidity sits
The top 3 venues hold 98.1% of measured T/USDT turnover: Binance perpetuals ($6.1M, 73.7%), Bybit perpetuals ($1.2M, 15.0%) and Binance spot ($774,678, 9.4%).
Perpetual futures account for 90.0% 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.