◈   real vs reported volume · 30-day median

Where to trade OP

Same coin, different tapes. We rank the venues that list OP 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 OP tape — 90% honest on $31.2M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
90% honest
$31.2Mreal / $34.5M claimed
Trade on Binance →
#2
OKX
OKX
spot + futures · 4 pairs
92% honest
$12.1Mreal / $13.2M claimed
Trade on OKX →
#3
Bitget
Bitget
futures · 1 pairs
87% honest
$3.2Mreal / $3.7M claimed
Trade on Bitget →
#4
Bybit
Bybit
spot + futures · 4 pairs
84% honest
$1.8Mreal / $2.1M claimed
Trade on Bybit →
#5
Coinbase
Coinbase
spot · 2 pairs
67% honest
$406kreal / $605k claimed
Trade on Coinbase →
◈ how we score it

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