Topic

Exchange volume reporting

How trading venues define and display metrics such as volume and open interest, including whether figures represent cash traded, contract counts or notional payout.

Current clusters

invest2 publishers

Kalshi's ether perpetual turned over its open interest 174 times in a day

A former quant put $538.6m of 24-hour volume beside $3.1m of open interest on Kalshi's ether perpetual and called it proof of wash trading. Kalshi's crypto lead answered that the dollar sign means notional payout.

Publishers:crowdfundinsider.comcryptobriefing.com

Reality

Evidence36
Adoption21
Hype gap+42
Incentives78
Confidence38