Bitcoin: Trading Volume (Spot vs. Derivatives)

Matched BTC volume across Binance, OKX and Bybit spot and perpetual markets — Daily BTC trading volume on matched spot and perpetual markets, with causal 30-day trends

What it shows

Daily base-currency Bitcoin volume traded on matched BTC/USDT spot and perpetual markets at Binance, OKX and Bybit, with causal 30-day averages and the derivative-to-spot ratio.

How to read it

Compare the bold 30-day lines for the durable balance between spot demand and leveraged turnover. A ratio above 1 means perpetual volume exceeded spot volume across the same three venues; the daily lines reveal short-lived bursts.

Good to know

Only closed UTC days present in all six markets are included. Options, dated futures, inverse and non-USDT markets are excluded. Values come directly from exchange APIs and do not use CryptoQuant data.

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