Share this article
Coinbase-Backed Nomics Launches Trading Transparency Product
Nomics is launching a new data transparency product to prove how much real volume trades on exchanges.
Updated Sep 13, 2021, 11:23 a.m. Published Aug 27, 2019, 1:10 p.m.
Bitwise’s "Real Ten" SEC cryptocurrency report continues to inspire integrity-centric products.
Data firm Nomics announced Tuesday its "Transparent Volume" service which calculates the percentage of real volume traded on cryptocurrency exchanges. By tracking the amount of cryptocurrency moving through an exchange, Nomics claims it can empower investors in real-time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
(Image via Nomics)
Backed by notable investors like Coinbase Ventures and CoinDesk owner Digital Currency Group, the data provider launched in 2018. Much like Bitwise's report, Nomics’ transparency definition comes from the availability of granular historical trading data.
Speaking with CoinDesk, CEO and co-founder Clay Collins pointed toward the regulatory hurdles lack of data transparency is creating:
“We currently list 3,873 assets on Nomics (2,502 of which are actively traded). The cutoff to be in the top quartile of actively traded assets in terms of percent transparent volume is around 1 percent. That is, if you have over 1 percent transparent volume for your cryptoasset, you're in the top quartile.”
Of the top 10 cryptocurrencies by market cap, only binance coin has a transparency rating over 30 percent, Collins said.
Providing an API service for institutional investors, Collins says Transparent Volume is for investors of all stripes. Pointing towards Bitwise’s example, which released its SEC study in March, Nomics says transparency is found in the data.
"Our transparent volume metric is intended to help institutions, state actors, and investors assess the percentage of reported trading volume for a given crypto asset that is auditable and transparent," a release said.
Crypto data integrity continues to be an issue across the space. A report from CoinDesk in July showed the ease of one Moscow student faking trading volume for only a $15,000 fee.
Like Nomics, data provider Messari Crypto launched a similar product – its "Real 10" 24-hour volume metric – last spring.
Clarity image via Joel Filipe/Unsplash
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ICP Slips Back Toward Recent Lows as Rally Attempt Fades
Internet Computer drifted lower after failing to hold intraday gains, with elevated volume reflecting continued distribution near resistance.
What to know:
- ICP pulled back toward $3.13 after rejecting levels near $3.28.
- Volume increased during the selloff, signaling active positioning near resistance.
- Price remains below short-term averages, keeping the near-term bias cautious.
Top Stories
