Indodax

Trust Rank External venue ranking. It is not calculated by YearBull and is not a solvency guarantee.
#105
24h Volume (BTC)
139.386 BTC
Country
Indonesia
Established
2014
Author
Alan Zelvin
Alan Zelvin
Founder & Research Lead
Reading time
2 min
Dates Published / Modified
/

Indodax exchange snapshot

Centralized (CEX). Country Indonesia. Established 2014. Trust Rank 105. Reported 24h volume 139.39 BTC.

Coverage: 291 active pairs across 287 tradable assets. Top ten pairs share 85.5%. Key pairs include USDT/IDR, BTC/IDR, ETH/IDR, XRP/IDR. Leading pair USDT/IDR. Median spread on leading markets 0.24%. Volume mix: IDR is the largest tracked quote currency at about 98.5% of measured flow. Data scope: 332 tickers observed.

How to read these exchange metrics

Scope: Trust Rank is an external relative position from the locally stored exchange snapshot. It is not calculated by YearBull and is not a guarantee of solvency, custody quality, licensing, customer protection, or future withdrawal access. Coverage counts observed markets, while concentration shows how much measured volume is assigned to the leading pairs. Median spread summarizes the bid ask gap in the observed leading markets; actual execution also depends on order size, depth, location, and market conditions.

Methodology responsibility: YearBull’s analytical methodology and presentation rules are developed and maintained by Alan Zelvin, Founder & Lead Crypto Researcher. This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.

Figures may change as exchange and ticker snapshots are refreshed. Read the YearBull methodology.

Indodax liquidity and coverage analysis

The current local dataset contains 291 observed pairs, 287 represented assets, 332 ticker records. The ten leading pairs account for about 85.5% of measured volume, a concentrated distribution. Median spread across the observed leading markets is 0.24%. The local volume series contains 30 points; its first to latest change is +21.5%, with a median observation of 162.52 BTC.

Coverage and reported volume show the scope of observed markets, not custody quality, solvency, regulatory availability, or guaranteed execution. Pair level depth and withdrawal conditions should be checked for the intended transaction.

Exchange Notes

Table of Contents
  1. Indodax Overview
  2. Coverage and Trading Structure
  3. How to Evaluate Indodax
  4. Key Risks
  5. YearBull Perspective
  6. Primary Sources and Review Scope

Indodax Overview

Indodax is tracked as a centralized exchange under indodax. The source profile lists Indonesia as its country or jurisdiction. A founding or launch year of 2014 is recorded. This profile describes observed coverage and is not an endorsement.

Coverage and Trading Structure

The reviewed snapshot includes 291 active pairs, 287 tradable assets, 332 ticker observations. Frequently represented assets include USDT, FARTCOIN, SOL. The ten leading pairs represented about 85.5% of measured volume; USDT/IDR was the largest observed pair at about 56.5%; median spread across leading markets was 0.24%. Counts and shares depend on available tickers and may not cover every product or jurisdiction.

How to Evaluate Indodax

Evaluate executable depth, fees, deposits and withdrawals, custody, account protections, and local eligibility. Reported volume alone does not show how a larger order will execute. Spread, depth, and concentration should be assessed for the exact pair and size.

Key Risks

Custody, withdrawal access, counterparty solvency, resilience, account security, jurisdiction, and listing standards are material for centralized venues. Trust Rank is not proof of reserves or a guarantee. Terms and regulatory availability can change, so confirm current rules directly with the venue.

YearBull Perspective

At the 2026-09-12 review, the Trust Rank was #48. YearBull reads Trust Rank, coverage, concentration, currency mix, and observed spreads as descriptive indicators. None independently establishes solvency, safety, or suitability.

Primary Sources and Review Scope

YearBull methodology · Official exchange website. Identity and cached market fields were reviewed on 2026-09-12. The live snapshot above may be newer.

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