◈   real vs reported volume · 30-day median

Where to trade XUSD

Same coin, different tapes. We rank the venues that list XUSD 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 XUSD tape — 91% honest on $5.6M real volume. Trust the prints.
#1
Binance
Binance
spot · 1 pairs
91% honest
$5.6Mreal / $6.2M claimed
Trade on Binance →
#2
Bybit
Bybit
spot · 1 pairs
75% honest
$48kreal / $64k claimed
Trade on Bybit →
◈ how we score it

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