◈   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 — 89% honest on $3.6M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
89% honest
$3.6Mreal / $4.1M claimed
Trade on Binance →
#2
Bybit
Bybit
spot + futures · 2 pairs
84% honest
$916kreal / $1.1M claimed
Trade on Bybit →
#3
OKX
OKX
futures · 1 pairs
88% honest
$668kreal / $756k claimed
Trade on OKX →
#4
Bitget
Bitget
futures · 1 pairs
68% honest
$160kreal / $235k claimed
Trade on Bitget →
#5
Coinbase
Coinbase
spot · 1 pairs
66% honest
$134kreal / $205k 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 →