W/USDT
Where W/USDT trades: Binance, OKX, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $4.1M in 24h volume.
W/USDT trades on 4 exchanges across 8 listings — 4 perpetual futures markets and 4 spot books.
Binance runs the deepest of them at $1.7M over 24 hours, 42.1% of the $4.1M total we measure across all 8 of them.
Where W/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
WUSDT
|
$1.7M | 42.1% |
| OKX | Perpetual |
W-USDT-SWAP
|
$853.3K | 21.0% |
| Bybit | Perpetual |
WUSDT
|
$719.2K | 17.7% |
| Binance | Spot |
WUSDT
|
$345.3K | 8.5% |
| OKX | Spot |
W-USDT
|
$336.0K | 8.3% |
| Bybit | Spot |
WUSDT
|
$44.2K | 1.1% |
| KuCoin | Spot |
W-USDT
|
$41.8K | 1.0% |
| KuCoin | Perpetual |
WUSDTM
|
$12.9K | 0.3% |
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, OKX, Bybit and KuCoin.
Spot: Binance, OKX, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 80.8% of measured W/USDT turnover: Binance perpetuals ($1.7M, 42.1%), OKX perpetuals ($853.3K, 21.0%) and Bybit perpetuals ($719.2K, 17.7%).
Perpetual futures account for 81.1% 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. 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.