volume_trusted_spot_usd_1d
Volume, trusted, spot, USD, one day

Definition

Fake trading volume is a persistent problem on crypto exchanges. With little regulatory oversight, it can be difficult to determine whether reported volume numbers are accurate or exaggerated. At Coin Metrics, we’ve taken a data driven approach to the problem and offer a trusted volume metric to help identify legitimate trading volume. Our trusted volume metric is an aggregation of the reported volume from exchanges that we consider the most accurate and trustworthy. This is based on a combination of both quantitative and qualitative features. Our framework for measuring the reporting quality of an exchange is broken down into three broad categories: volume correlation, web traffic analytics and qualitative features. Each of these three categories culminates in a pass/fail test. Exchanges that pass all three measures are included in our trusted volume set of metrics. The current set of trusted volume metrics consider spot markets only and do not include futures or options markets.

Dictionary

IDCategorySubcategoryTypeUnitInterval
volume_trusted_spot_usd_1dMarketVolumeNAUSD1d

Examples

A sample of the hourly reference rates data for Bitcoin is shown below:

assets time volume_trusted_spot_usd_1d
btc 2020-09-21 00:00:00 44395555400
btc 2020-09-22 00:00:00 60004540100
btc 2020-09-23 00:00:00 45919134800
  • asset. The IDs of the asset.
  • time. The reference rate time in ISO 8601 date-time format.
  • volume_trusted_spot_usd_1d. The trusted volume value in units of U.S. dollars.

Resource history

Availability for pairs

Only available for pro.