Exchange quality ratings

As of

Shadow mode is active during the initial calibration window. Composite scores and band assignments will publish once sufficient peer baseline history has accumulated. Dimension scores are live.

# Exchange Vol. auth. Bk. quality Price form. Cross-venue 30d
01 MEXC 83.9 99.5 92.0 95.6
Vol. auth.
83.9
Bk. quality
99.5
Price form.
92.0
Cross-venue
95.6
03 Gate.io 58.4 84.3 88.4 66.1
Vol. auth.
58.4
Bk. quality
84.3
Price form.
88.4
Cross-venue
66.1
04 Bitget 45.6 98.5 86.8 66.2
Vol. auth.
45.6
Bk. quality
98.5
Price form.
86.8
Cross-venue
66.2
05 Binance 75.4 63.4 89.6 55.8
Vol. auth.
75.4
Bk. quality
63.4
Price form.
89.6
Cross-venue
55.8
06 Kraken 64.1 53.3 94.6 77.0
Vol. auth.
64.1
Bk. quality
53.3
Price form.
94.6
Cross-venue
77.0
07 Coinbase 48.0 65.8 94.7 52.5
Vol. auth.
48.0
Bk. quality
65.8
Price form.
94.7
Cross-venue
52.5
08 HTX 20.2 98.3 89.6 55.0
Vol. auth.
20.2
Bk. quality
98.3
Price form.
89.6
Cross-venue
55.0
09 KuCoin 1.0 96.6 88.8 50.3
Vol. auth.
1.0
Bk. quality
96.6
Price form.
88.8
Cross-venue
50.3
10 Bybit 0.1 98.5 88.2 49.9
Vol. auth.
0.1
Bk. quality
98.5
Price form.
88.2
Cross-venue
49.9
11 OKX 0.5 56.2 83.3 49.7
Vol. auth.
0.5
Bk. quality
56.2
Price form.
83.3
Cross-venue
49.7

Insufficient data for this scoring run. Scores will populate as the data collection window completes.

What does this score measure?

Eleven observable metrics across four dimensions — volume authenticity, order book quality, price formation integrity, and cross-venue consistency. No self-reported data, no exchange cooperation required.

Read the full methodology →

Commission a written report

In-depth written analysis of an exchange's market data quality. Peer comparison, 30-day trend, notable findings. Pricing per engagement; quote on request.

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