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 82.8 99.5 87.9 83.2
Vol. auth.
82.8
Bk. quality
99.5
Price form.
87.9
Cross-venue
83.2
02 Kraken 69.2 77.5 90.4 80.6
Vol. auth.
69.2
Bk. quality
77.5
Price form.
90.4
Cross-venue
80.6
03 Bitget 51.9 99.2 80.3 56.3
Vol. auth.
51.9
Bk. quality
99.2
Price form.
80.3
Cross-venue
56.3
04 Coinbase 50.1 98.7 84.5 51.3
Vol. auth.
50.1
Bk. quality
98.7
Price form.
84.5
Cross-venue
51.3
05 HTX 26.5 99.0 85.4 54.5
Vol. auth.
26.5
Bk. quality
99.0
Price form.
85.4
Cross-venue
54.5
06 Binance 53.3 60.7 86.6 48.8
Vol. auth.
53.3
Bk. quality
60.7
Price form.
86.6
Cross-venue
48.8
07 KuCoin 1.8 97.9 81.6 49.5
Vol. auth.
1.8
Bk. quality
97.9
Price form.
81.6
Cross-venue
49.5
08 Bybit 0.0 98.3 81.1 49.1
Vol. auth.
0.0
Bk. quality
98.3
Price form.
81.1
Cross-venue
49.1
09 OKX 0.3 98.1 78.1 48.6
Vol. auth.
0.3
Bk. quality
98.1
Price form.
78.1
Cross-venue
48.6
10 Gate.io 31.6 49.9 82.0 49.2
Vol. auth.
31.6
Bk. quality
49.9
Price form.
82.0
Cross-venue
49.2

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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