USDE/USDT
Where USDE/USDT trades: Bybit, Binance, KuCoin and Kraken, spot and perpetual futures, with per-venue 24h volume and share. $12.4M in 24h volume.
USDE/USDT trades on 4 exchanges across 5 listings — 1 perpetual futures market and 4 spot books.
Bybit runs the deepest of them at $11.2M over 24 hours, 90.1% of the $12.4M total we measure across all 5 of them.
Where USDE/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Bybit | $11.2M | 90.1% |
| Binance | $1.2M | 9.7% |
| Bybit | $15,164 | 0.1% |
| KuCoin | $4,654 | <0.1% |
| Kraken | $2,000 | <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.
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Spot or perpetual
Perpetual futures: Bybit.
Spot: Bybit, Binance, KuCoin and Kraken.
Where the liquidity sits
The top 3 venues hold 99.9% of measured USDE/USDT turnover: Bybit spot ($11.2M, 90.1%), Binance spot ($1.2M, 9.7%) and Bybit perpetuals ($15,164, 0.1%).
Perpetual futures account for 0.1% 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.