◈   real vs reported volume · 30-day median

Where to trade LA

Same coin, different tapes. We rank the venues that list LA 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 LA tape — 86% honest on $4.1M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
86% honest
$4.1Mreal / $4.7M claimed
Trade on Binance →
#2
OKX
OKX
futures · 1 pairs
88% honest
$724kreal / $825k claimed
Trade on OKX →
#3
Bybit
Bybit
spot + futures · 2 pairs
85% honest
$262kreal / $306k claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
69% honest
$154kreal / $223k claimed
Trade on Bitget →
#5
Coinbase
Coinbase
spot · 1 pairs
63% honest
$75kreal / $119k claimed
Trade on Coinbase →
◈ how we score it

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