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 77.9 99.5 86.3 55.4
Vol. auth.
77.9
Bk. quality
99.5
Price form.
86.3
Cross-venue
55.4
02 Bitget 62.0 97.7 86.5 65.4
Vol. auth.
62.0
Bk. quality
97.7
Price form.
86.5
Cross-venue
65.4
03 Coinbase 60.7 88.3 90.3 72.3
Vol. auth.
60.7
Bk. quality
88.3
Price form.
90.3
Cross-venue
72.3
04 Kraken 70.1 86.8 93.6 24.4
Vol. auth.
70.1
Bk. quality
86.8
Price form.
93.6
Cross-venue
24.4
05 Binance 65.3 82.8 82.7 40.0
Vol. auth.
65.3
Bk. quality
82.8
Price form.
82.7
Cross-venue
40.0
06 Gate.io 43.3 97.7 84.8 34.3
Vol. auth.
43.3
Bk. quality
97.7
Price form.
84.8
Cross-venue
34.3
07 HTX 5.0 98.1 88.3 15.1
Vol. auth.
5.0
Bk. quality
98.1
Price form.
88.3
Cross-venue
15.1
08 KuCoin 0.5 97.6 82.5 24.4
Vol. auth.
0.5
Bk. quality
97.6
Price form.
82.5
Cross-venue
24.4
09 OKX 0.3 85.1 78.5 44.4
Vol. auth.
0.3
Bk. quality
85.1
Price form.
78.5
Cross-venue
44.4
10 Bybit 0.2 75.4 82.2 25.6
Vol. auth.
0.2
Bk. quality
75.4
Price form.
82.2
Cross-venue
25.6

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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