◈   real vs reported volume · 30-day median

Where to trade ELSA

Same coin, different tapes. We rank the venues that list ELSA 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 ELSA tape — 85% honest on $702k real volume. Trust the prints.
#1
Binance
Binance
futures · 1 pairs
85% honest
$702kreal / $824k claimed
Trade on Binance →
#2
Bybit
Bybit
spot + futures · 2 pairs
81% honest
$485kreal / $597k claimed
Trade on Bybit →
#3
Bitget
Bitget
futures · 1 pairs
75% honest
$105kreal / $140k claimed
Trade on Bitget →
#4
Coinbase
Coinbase
spot · 1 pairs
44% honest
$23kreal / $52k claimed
Trade on Coinbase →
◈ how we score it

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