Independent Reserve exchange overview
Decentralized (DEX). Country Australia. Established 2013. Trust rank 79. Reported 24h volume 88.88 BTC.
Coverage: 105 active pairs across 27 tradable assets. Liquidity profile: Moderate. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 69.6%. Key pairs include BTC/NZD, BTC/SGD, BTC/USD, BTC/AUD. Leading pair BTC/NZD. Median spread on leading markets 0.11%.
Liquidity structure and trading conditions
Volume mix: USD is the largest tracked quote currency at about 25.0% of measured flow. Data scope: 105 tickers observed, with spread readings on 105 markets. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. When comparing venues, weigh breadth, concentration, spreads, and the key pairs list to match the venue to your execution style.
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