Bithumb exchange overview
Decentralized (DEX). Country South Korea. Established 2014. Trust rank 64. Reported 24h volume 7371.88 BTC.
Coverage: 456 active pairs across 445 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 68.3%. Key pairs include XRP/KRW, USDT/KRW, BTC/KRW, ETH/KRW. Leading pair XRP/KRW. Median spread on leading markets 0.09%.
Interpreting coverage and execution quality
Volume mix: KRW is the largest tracked quote currency at about 99.9% of measured flow. Data scope: 464 tickers observed, with spread readings on 300 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. Tight spreads on the leaders generally support cleaner fills, especially when depth remains stable. A good read is to pair these metrics with the top pairs panel and.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy