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 99.4 87.7 70.7
Vol. auth.
77.9
Bk. quality
99.4
Price form.
87.7
Cross-venue
70.7
02 Coinbase 65.2 91.1 85.5 88.8
Vol. auth.
65.2
Bk. quality
91.1
Price form.
85.5
Cross-venue
88.8
03 Bitget 59.3 96.1 86.2 74.7
Vol. auth.
59.3
Bk. quality
96.1
Price form.
86.2
Cross-venue
74.7
04 Binance 64.6 84.7 83.1 66.6
Vol. auth.
64.6
Bk. quality
84.7
Price form.
83.1
Cross-venue
66.6
05 Kraken 71.6 81.6 92.7 47.9
Vol. auth.
71.6
Bk. quality
81.6
Price form.
92.7
Cross-venue
47.9
06 Gate.io 41.2 97.5 84.0 46.4
Vol. auth.
41.2
Bk. quality
97.5
Price form.
84.0
Cross-venue
46.4
07 HTX 12.7 98.0 87.1 43.6
Vol. auth.
12.7
Bk. quality
98.0
Price form.
87.1
Cross-venue
43.6
08 KuCoin 0.9 97.6 83.8 37.5
Vol. auth.
0.9
Bk. quality
97.6
Price form.
83.8
Cross-venue
37.5
09 Bybit 0.1 94.4 83.1 41.0
Vol. auth.
0.1
Bk. quality
94.4
Price form.
83.1
Cross-venue
41.0
10 OKX 1.0 66.0 78.8 41.2
Vol. auth.
1.0
Bk. quality
66.0
Price form.
78.8
Cross-venue
41.2

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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