◈   real vs reported volume · 30-day median

Where to trade UMA

Same coin, different tapes. We rank the venues that list UMA 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 UMA tape — 87% honest on $810k real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
87% honest
$810kreal / $928k claimed
Trade on Binance →
#2
OKX
OKX
spot + futures · 4 pairs
90% honest
$498kreal / $550k claimed
Trade on OKX →
#3
Coinbase
Coinbase
spot · 1 pairs
86% honest
$59kreal / $69k claimed
Trade on Coinbase →
#4
Bitget
Bitget
futures · 1 pairs
53% honest
$2kreal / $3k claimed
Trade on Bitget →
#5
Bybit
Bybit
spot · 1 pairs
84% honest
$1kreal / $2k claimed
Trade on Bybit →
◈ how we score it

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