Transparent volume: Spot vs Derivatives

Token markets show the various spot and derivatives exchange volumes. Are both included in the “transparent volume” or is this spot market only?

Thanks!!

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Transparent volume is the sum of all volume from markets on exchanges with a Transparency Grade of A.

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Gotcha. Why do you include both spot and derivatives volumes in one volume stats, tho?

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We include spot and derivative volume in the volume for an exchange to fully represent the trading activity on that exchange. We also provide them separate in case you would like to differentiate between them.

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Is the spot-only volume shown on the website or available via API?

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The website shows the full volume at the exchange level and also breaks it down on the exchange page. The website is built with the API, so everything on the site is available from the API (or can be computed with data on the API).

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So if I look at a token like $AXS, the transparent volume on the Overview tab is spot+derivatives, correct?

Screenshot 2022-10-28 at 16.55.53

Where would I see an aggregate number for spot volume only (other than summing up all spot exchanges on the markets tab)?

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We don’t provide an aggregated total of spot and derivative volume separately. You would need to sum up the markets.

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