Coin Metrics: 14 exchanges passed the credibility test of their trading volume

Cryptocurrency data analysis company Coin Metrics has constructed a new framework for assessing whether exchange trading volume data is credible, the “Trusted Trading Volume Framework”. The factors that measure this indicator include transaction volume correlation, network traffic analysis, and the qualitative characteristics of exchanges. Through statistics of exchange data as of June 2020, it is found that there are 14 companies including Binance, Binance US, Bitbank, Bitfinex, bitFlyer, Bitstamp, Bittrex, CEX.IO, Coinbase,, Gemini, itBit, Kraken and Poloniex. The exchange passed the credibility test of the trading volume.