◈   real vs reported volume · 30-day median

Where to trade ALICE

Same coin, different tapes. We rank the venues that list ALICE by how much of their reported volume is actually real — so you trade where the book isn't faked.

Soli's reading
Binance runs the cleanest ALICE tape — 87% honest on $2.5M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
87% honest
$2.5Mreal / $2.9M claimed
Trade on Binance →
#2
Bitget
Bitget
futures · 1 pairs
63% honest
$104kreal / $166k claimed
Trade on Bitget →
#3
Coinbase
Coinbase
spot · 1 pairs
61% honest
$70kreal / $116k claimed
Trade on Coinbase →
#4
Bybit
Bybit
futures · 1 pairs
76% honest
$43kreal / $57k claimed
Trade on Bybit →
◈ how we score it

Honesty = estimated real volume ÷ reported volume for ALICE on each venue, from five trade-tape fingerprints (timing, Benford, self-trade pairing, price-impact, size entropy). Pick the venue with the deepest real book, not the loudest reported number. How to buy ALICE → · how to sell ALICE → · full venue ranking → · compare two venues →