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 77.0 98.9 91.4 86.5
Vol. auth.
77.0
Bk. quality
98.9
Price form.
91.4
Cross-venue
86.5
02 Bitget 61.1 98.0 90.7 91.4
Vol. auth.
61.1
Bk. quality
98.0
Price form.
90.7
Cross-venue
91.4
03 OKX 67.8 87.5 85.8 87.4
Vol. auth.
67.8
Bk. quality
87.5
Price form.
85.8
Cross-venue
87.4
04 Kraken 73.3 85.2 94.3 59.2
Vol. auth.
73.3
Bk. quality
85.2
Price form.
94.3
Cross-venue
59.2
05 Coinbase 61.8 92.5 95.3 56.6
Vol. auth.
61.8
Bk. quality
92.5
Price form.
95.3
Cross-venue
56.6
06 Gate.io 46.8 97.0 89.7 57.0
Vol. auth.
46.8
Bk. quality
97.0
Price form.
89.7
Cross-venue
57.0
07 Bybit 49.4 74.3 91.8 74.6
Vol. auth.
49.4
Bk. quality
74.3
Price form.
91.8
Cross-venue
74.6
08 Binance 45.9 71.4 85.3 59.6
Vol. auth.
45.9
Bk. quality
71.4
Price form.
85.3
Cross-venue
59.6
09 KuCoin 1.3 97.6 91.4 45.1
Vol. auth.
1.3
Bk. quality
97.6
Price form.
91.4
Cross-venue
45.1
10 HTX 3.9 92.5 91.3 45.8
Vol. auth.
3.9
Bk. quality
92.5
Price form.
91.3
Cross-venue
45.8

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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