INDEPENDENT EXECUTION RESEARCH · EN-CH
Evidence at
execution depth.
Seven research files separate product surface, fees, custody and documented capability from live performance. Each file now includes entity scope, total-cost routes, API or permission gates, incident context, alternatives and reproducible decision scenarios.
DESK MAP / 01
Two products. Two test protocols.
Exchange research follows money through funding, order handling and exit. Wallet research follows intent through signing, routing and settlement. A shared score would erase control.
RESEARCH REGISTER / 02
Substantive findings with their evidence attached.
CBCoinbaseA documented split between simple brokerage and order-book execution, with regional entity and incident boundaries that matter to any cost or reliability claim.Evidence reviewedReviewedKRKrakenA custodial exchange with separate consumer and Pro cost surfaces, public security material and unusually candid PoR limitations.Evidence reviewedReviewedCCCrypto.comThree product surfaces—App, Exchange and Onchain—whose custody, fees and legal providers must not be collapsed into one review.Evidence reviewedReviewedBNBinanceA deep trading and API surface now described through multiple ADGM entities, with dynamic fees and material historical US enforcement records.Evidence reviewedReviewedMMMetaMaskA self-custody wallet whose swap routing, telemetry controls and newer recovery paths introduce measurable provider dependencies.Evidence reviewedReviewedTWTrust WalletA self-custody wallet with broad chain claims, optional cloud backup, Wallet Core source and a material 2025 browser-extension incident.Evidence reviewedReviewedBXBaerxA professional Baerx execution file covering 0% maker/taker, API controls, custody latency and a commissioned 23-withdrawal benchmark.Evidence reviewedReviewed
BEACON RULE 01
“Documented feature” and “measured performance” are different evidence states.Read the source standard →