◈   real vs reported volume · 30-day median

Where to trade IP

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

Soli's reading
OKX runs the cleanest IP tape — 89% honest on $16.0M real volume. Trust the prints.
#1
OKX
OKX
spot + futures · 4 pairs
89% honest
$16.0Mreal / $18.0M claimed
Trade on OKX →
#2
Binance
Binance
futures · 2 pairs
86% honest
$10.9Mreal / $12.6M claimed
Trade on Binance →
#3
Bybit
Bybit
spot + futures · 3 pairs
87% honest
$10.4Mreal / $11.9M claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
87% honest
$1.4Mreal / $1.6M claimed
Trade on Bitget →
#5
Coinbase
Coinbase
spot · 1 pairs
86% honest
$786kreal / $912k claimed
Trade on Coinbase →
◈ how we score it

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