◈   real vs reported volume · 30-day median

Where to trade USDC

Same coin, different tapes. We rank the venues that list USDC 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 USDC tape — 92% honest on $2.84B real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
92% honest
$2.84Breal / $3.07B claimed
Trade on Binance →
#2
Bybit
Bybit
spot · 1 pairs
92% honest
$169.6Mreal / $184.1M claimed
Trade on Bybit →
#3
OKX
OKX
spot + futures · 2 pairs
86% honest
$92.6Mreal / $107.5M claimed
Trade on OKX →
#4
Bitget
Bitget
futures · 1 pairs
57% honest
$6kreal / $10k claimed
Trade on Bitget →
◈ how we score it

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