USDT/USD
Compare USDT/USD spot markets across 4 exchanges, with per-venue 24h volume and share of tracked turnover. $336.6M in 24h volume.
USDT/USD trades on 4 exchanges across 4 listings — 4 spot books.
Kraken spot has the highest 24-hour turnover among the tracked listings at $248.4M over 24 hours, 73.8% of the $336.6M total we measure across all 4 of them.
Where USDT/USD trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Kraken | Spot |
USDTZUSD
|
$248.4M Calculated | 73.8% |
| Binance | Spot |
USDTUSD
|
$58.6M | 17.4% |
| OKX | Spot |
USDT-USD
|
$29.4M | 8.7% |
| Bybit | Spot |
USDTUSD
|
$215,828 | <0.1% |
Figures show 24-hour USD-equivalent turnover for the tracked listings, including calculated values where marked. See “How we measure this” for the calculation methods and stablecoin-parity assumption. A dash means no usable figure, not zero volume. Amounts follow your selected display currency. Registry updated 2026-09-29 10:37 UTC.
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Spot or perpetual
No venue we track lists a USDT/USD perpetual. This does not rule out a perpetual listing outside our coverage.
Spot: Kraken, Binance, OKX and Bybit.
Share of tracked turnover
The top 3 venues hold 99.9% of measured USDT/USD turnover: Kraken spot ($248.4M, 73.8%), Binance spot ($58.6M, 17.4%) and OKX spot ($29.4M, 8.7%).
24-hour turnover does not measure the orders available now. Check the current spread, order-book depth, fees and intended order size separately; a larger turnover figure does not guarantee lower execution costs.
How we measure this
Values come from each exchange's public market data and refresh on a schedule rather than streaming. USD and supported USD-stablecoin quotes are treated at USD parity, which is an assumption rather than a measured exchange rate. On-page amounts follow your selected display currency.
Kraken spot turnover is calculated from reported 24-hour base volume multiplied by the reported 24-hour volume-weighted average price.
Totals and shares combine the available figures, including any calculated estimates, from these tracked listings. Reporting windows and collection times can differ. They do not represent the whole market or current executable liquidity.