Indodax market summary
Centralized (CEX). Country Indonesia. Established 2014. Trust rank 48. Reported 24h volume 296.30 BTC.
Coverage: 352 active pairs across 345 tradable assets. Liquidity profile: Moderate. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 84.9%. Key pairs include USDT/IDR, BTC/IDR, ETH/IDR, XRP/IDR. Leading pair USDT/IDR. Median spread on leading markets 0.24%.
Interpreting coverage and execution quality
Volume mix: IDR is the largest tracked quote currency at about 98.2% of measured flow. Data scope: 356 tickers observed, with spread readings on 296 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. 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 is a practical measure of how tight pricing tends to be on the leading markets. With a large set of active pairs, execution can vary across markets, so check whether activity is spread beyond the leaders. For venue selection, combine breadth, concentration, and spread conditions with the key pairs list to understand where activity really sits.
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