USD1/USDT
Where USD1/USDT trades: Binance, Bybit, KuCoin and OKX, spot and perpetual futures, with per-venue 24h volume and share. $186.7M in 24h volume.
USD1/USDT trades on 4 exchanges across 5 listings — 1 perpetual futures market and 4 spot books.
Binance runs the deepest of them at $176.3M over 24 hours, 94.4% of the $186.7M total we measure across all 5 of them.
Where USD1/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Spot |
USD1USDT
|
$176.3M | 94.4% |
| Bybit | Spot |
USD1USDT
|
$9.8M | 5.2% |
| Bybit | Perpetual |
USD1USDT
|
$389.5K | 0.2% |
| KuCoin | Spot |
USD1-USDT
|
$141.3K | <0.1% |
| OKX | Spot |
USD1-USDT
|
$59.0K | <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: Bybit.
Spot: Binance, Bybit, KuCoin and OKX.
Where the liquidity sits
The top 3 venues hold 99.9% of measured USD1/USDT turnover: Binance spot ($176.3M, 94.4%), Bybit spot ($9.8M, 5.2%) and Bybit perpetuals ($389.5K, 0.2%).
Perpetual futures account for 0.2% 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.