USDC/USDT
Where USDC/USDT trades: Binance, Bybit, OKX, Kraken and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $1.96B in 24h volume.
USDC/USDT trades on 5 exchanges across 9 listings — 4 perpetual futures markets and 5 spot books.
Binance runs the deepest of them at $1.57B over 24 hours, 80.3% of the $1.96B total we measure across all 9 of them.
Where USDC/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Spot |
USDCUSDT
|
$1.57B | 80.3% |
| Bybit | Spot |
USDCUSDT
|
$221.5M | 11.3% |
| OKX | Spot |
USDC-USDT
|
$108.5M | 5.5% |
| Kraken | Spot |
USDCUSDT
|
$25.4M | 1.3% |
| KuCoin | Spot |
USDC-USDT
|
$22.4M | 1.1% |
| Binance | Perpetual |
USDCUSDT
|
$7.7M | 0.4% |
| Bybit | Perpetual |
USDCUSDT
|
$509.1K | <0.1% |
| OKX | Perpetual |
USDC-USDT-SWAP
|
$183.6K | <0.1% |
| KuCoin | Perpetual |
USDCUSDTM
|
$16.0K | <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: Binance, Bybit, OKX and KuCoin.
Spot: Binance, Bybit, OKX, Kraken and KuCoin.
Where the liquidity sits
The top 3 venues hold 97.1% of measured USDC/USDT turnover: Binance spot ($1.57B, 80.3%), Bybit spot ($221.5M, 11.3%) and OKX spot ($108.5M, 5.5%).
Perpetual futures account for 0.4% 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. 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.