◈   real vs reported volume · 30-day median

Where to trade CAKE

Same coin, different tapes. We rank the venues that list CAKE 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 CAKE tape — 83% honest on $7.6M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
83% honest
$7.6Mreal / $9.2M claimed
Trade on Binance →
#2
Bitget
Bitget
futures · 1 pairs
80% honest
$353kreal / $443k claimed
Trade on Bitget →
#3
Bybit
Bybit
spot + futures · 2 pairs
79% honest
$210kreal / $267k claimed
Trade on Bybit →
#4
Coinbase
Coinbase
spot · 1 pairs
55% honest
$33kreal / $61k claimed
Trade on Coinbase →
◈ how we score it

Honesty = estimated real volume ÷ reported volume for CAKE 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 CAKE → · how to sell CAKE → · full venue ranking → · compare two venues →