◈   real vs reported volume · 30-day median

Where to trade FRAX

Same coin, different tapes. We rank the venues that list FRAX 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 FRAX tape — 85% honest on $899k real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
85% honest
$899kreal / $1.1M claimed
Trade on Binance →
#2
Bitget
Bitget
futures · 1 pairs
74% honest
$56kreal / $76k claimed
Trade on Bitget →
#3
Bybit
Bybit
spot · 1 pairs
67% honest
$9kreal / $13k claimed
Trade on Bybit →
◈ how we score it

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