Tether

Tether

USDT
Rank #3

Tether price

$0.9993+0.01%

Price range

$0.999124h range$0.9995

Tether exchanges

USDT is traded on 68 exchanges across 198 trading pairs with $26.48B in 24-hour volume.

Highest volume

Binance

$3.16B

USDC/USDT

Tightest spread

Bullish

0.01%

$40.08M vol

Most pairs

Binance

19 pairs

$3.16B vol

Volume concentrationTop 3 exchanges
15%of total volume
Binance 11.9%MEXC 1.8%Kraken 1.1%
Price across exchangesSpread: $0.007974 (0.80%)
$0.9980 lowavg $0.9994$1.01 high

Best Tether exchanges

1
BinanceUSDC/USDT
$3.16B vol
Trade now
2
MEXCBTC/USDT
$471.60M vol
Trade now
3
KrakenUSDT/USD
$285.36M vol
Trade now
4
BitgetBTC/USDT
$259.45M vol
Trade now
5
BingXBTC/USDT
$153.64M vol
Trade now

Showing 5 featured exchanges of 68 total.

Tether trading pair breakdown

Volume by quote currency
13 currencies

$26.48B total

1
USDTStablecoin
$25.25B95%
2
USDFiat
$445.27M2%
3
KRWFiat
$136.47M<1%
4
0XDC03…Crypto
$100.08M<1%
5
EURFiat
$95.39M<1%
6
0XDAC1…Crypto
$91.81M<1%
7 others
$364.11M1%
Stablecoins96%

USDT · USDC

Fiat3%

USD · KRW · EUR · +4

Crypto1%

0XDC03… · 0XDAC1… · EPJFWD… · +1

Tether spread distribution

Liquidity verdict

95%tight pairs

Healthymost pairs have minimal slippage

Avg spread

0.035%

median 0.012%

Best spread

0.01%

Worst

0.60%

Distribution196 pairs
<0.05%
88%
0.05–0.1%
7%
0.1–0.5%
3%
0.5–1%
2%
>1%
0%

About Tether exchanges

Tether is actively traded on 68 cryptocurrency exchanges with a combined 24-hour volume of $26.48B. The highest volume exchange is Binance, accounting for 11.9% of total trading activity. The most popular trading pair is BTC/USDT.

When choosing an exchange, consider trading volume (higher volume typically means better liquidity and tighter spreads), how concentrated activity is on the top exchanges, and the bid-ask spread (lower is better for frequent traders). Exchange data on this page refreshes regularly.

Tether exchanges FAQ

What are the best exchanges for Tether?

Tether (USDT) is traded on 68 exchanges. The highest volume exchange is Binance with $3.16B in 24-hour volume. The most popular trading pair is BTC/USDT. We recommend choosing exchanges with high volume and tight spreads.

What is the most liquid Tether trading pair?

The most liquid pair is BTC/USDT on BTCC, with $1.65B in 24-hour volume.

How many exchanges list Tether?

Tether is currently listed on 68 exchanges that we track. 198 pairs have over $1M in daily volume. The top 3 exchanges account for 15% of total trading volume.

What is the average spread for Tether across exchanges?

The average bid-ask spread across all trading pairs is 0.035%. Lower spreads indicate more liquid exchanges. The tightest spreads are typically found on the highest-volume exchanges.

How concentrated is Tether trading volume?

The top 3 exchanges for Tether account for 15% of total 24-hour trading volume ($26.48B). Binance alone handles 11.9% of all trading activity.

Disclaimer: Exchange data is provided for informational purposes only. Trading volumes and spreads may differ from real-time exchange data. Always verify conditions on your chosen exchange before trading.