For institutionsVenuesBenchmarksScoreboardAPISEE THE SCORECARD
EnsoTrade › Institutions

Crypto execution, measured — for institutions

EnsoTrade measures what it costs an institution to buy or sell crypto — and tells you how to do it cheaper. It prices a large order against live order books across venues, before you trade and after, with full workings. It is independent measurement, not execution: your own desk keeps placing the orders, and we never touch custody, keys or funds.

What we measure

Implementation shortfall

The true cost of your decision: fill price versus the price when you committed.

Slippage vs arrival

How far your average price sat from the mid you saw at the decision.

Market impact

How much your own size moved the price, and how to split it to pay less.

Rest vs cross

Where resting beats crossing, priced per venue and per side.

Execution by venue

Coinbase

US-accessible (venue_class=us_spot)

Kraken

US-accessible (venue_class=us_spot)

Gemini

US-accessible (venue_class=us_spot)

Bitstamp

US-accessible (venue_class=us_spot)

LMAX Digital

US-accessible (venue_class=us_spot)

Binance

Global (not for US persons)

OKX

Global (not for US persons)

Bybit

Global (not for US persons)

Bitfinex

Global (not for US persons)

Who it is for

The evidence

Two US-listed treasury companies — Strive and Strategy — file every bitcoin purchase, so their execution is public and measurable. The EnsoTrade scoreboard scores each disclosed window against what a volume-paced, multi-venue execution would have paid on the same books, with the limits of the method stated. For your own orders, the institutional API prices them live at your size.

We quote no price or saving until you give your real clip size and fee stack. Figures without those are strawman, and we do not publish them.

Independent execution measurement

Price an order before you trade and score the fill after, on live multi-venue order books. We never touch custody, keys or orders — the independence is the point.

Request an assessment →See the scorecard →API →