BTC: Spot Volume: US vs Offshore Venues
Shown as its 3 Oct – 1 Nov 2026 sample; the latest readings and full history are included with Plus.
BTC spot volume in each period in US dollars, stacked into venues operated in the United States and offshore venues.
Why use it. Shows how much trading takes place on regulated US platforms, where US institutions and ETF-related flows concentrate, against the much larger offshore market. How to read it. Each band is one region and the top of the stack is total spot volume. The US Venues Share of Spot Volume chart shows the balance as a percentage.
Calculation. The per-venue spot volume behind the Spot Volume chart, summed by region. US venues here are Coinbase, Kraken, Gemini and Bitstamp, operated in the United States or by a US-regulated group; every other venue we collect counts as offshore. It is our classification of the venues we collect, not a legal statement. Source: our own capture of the public spot trade feeds of Binance, Bybit, OKX, Coinbase, Kraken, Bitstamp, Bitfinex, Gemini, KuCoin, Gate, Bitget, HTX and Crypto.com (taker side as each venue publishes it; Binance from its one-minute candles, which carry taker-buy volume). Trades missed during a reconnect are not estimated. Venues we do not collect are not included, so totals understate the whole market. History starts when our collection began on 14 October 2026; no earlier values are reconstructed.