Market snapshot for Coincheck
Decentralized (DEX). Country Japan. Established 2014. Trust rank 229. Reported 24h volume 851.77 BTC.
Coverage: 19 active pairs across 19 tradable assets. Liquidity profile: High. Concentration: Concentrated. Execution quality: Wide. Top ten pairs share 100.0%. Key pairs include BTC/JPY, ETH/JPY, XRP/JPY, DOGE/JPY. Leading pair BTC/JPY. Median spread on leading markets 3.16%.
What the key metrics mean
Volume mix: JPY is the largest tracked quote currency at about 100.0% of measured flow. Data scope: 19 tickers observed, with spread readings on 19 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread is a practical measure of how tight pricing tends to be on the leading markets. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. Wider spreads on the leaders can raise execution cost, so limit order.
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