Mercado Bitcoin exchange overview
Decentralized (DEX). Country Brazil. Established 2013. Trust rank 147. Reported 24h volume 77.19 BTC.
Coverage: 306 active pairs across 303 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 96.8%. Key pairs include USDC/BRL, BTC/BRL, USDT/BRL, ETH/BRL. Leading pair USDC/BRL. Median spread on leading markets 0.54%.
Liquidity structure and trading conditions
Volume mix: BRL is the largest tracked quote currency at about 99.9% of measured flow. Data scope: 309 tickers observed, with spread readings on 307 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. A broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. When comparing venues, weigh breadth, concentration, spreads,.
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