◈   real vs reported volume · 30-day median

Where to trade RPL

Same coin, different tapes. We rank the venues that list RPL 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 RPL tape — 87% honest on $623k real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
87% honest
$623kreal / $720k claimed
Trade on Binance →
#2
Coinbase
Coinbase
spot · 1 pairs
70% honest
$60kreal / $86k claimed
Trade on Coinbase →
#3
Bybit
Bybit
spot + futures · 2 pairs
87% honest
$47kreal / $54k claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
53% honest
$18kreal / $35k claimed
Trade on Bitget →
#5
OKX
OKX
spot · 2 pairs
85% honest
$6kreal / $7k claimed
Trade on OKX →
◈ how we score it

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