◈   real vs reported volume · 30-day median

Where to trade USDT

Same coin, different tapes. We rank the venues that list USDT by how much of their reported volume is actually real — so you trade where the book isn't faked.

Soli's reading
Coinbase runs the cleanest USDT tape — 93% honest on $30.0M real volume. Trust the prints.
#1
Coinbase
Coinbase
spot · 1 pairs
93% honest
$30.0Mreal / $32.3M claimed
Trade on Coinbase →
#2
OKX
OKX
spot · 1 pairs
86% honest
$6.7Mreal / $7.8M claimed
Trade on OKX →
#3
Bybit
Bybit
spot · 1 pairs
79% honest
$559kreal / $711k claimed
Trade on Bybit →
◈ how we score it

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