NovaDAX

Trust Rank External venue ranking. It is not calculated by YearBull and is not a solvency guarantee.
#120
24h Volume (BTC)
90.972 BTC
Country
Brazil
Established
2018
Author
Alan Zelvin
Alan Zelvin
Founder & Research Lead
Reading time
2 min
Dates Published / Modified
/

NovaDAX exchange snapshot

Centralized (CEX). Country Brazil. Established 2018. Trust Rank 120. Reported 24h volume 90.97 BTC.

Coverage: 341 active pairs across 331 tradable assets. Top ten pairs share 97.0%. Key pairs include ETH/BRL, BTC/USDT, USDT/BRL, BTC/BRL. Leading pair ETH/BRL. Median spread on leading markets 1.09%. Volume mix: BRL is the largest tracked quote currency at about 59.2% of measured flow. Data scope: 343 tickers observed, with spread readings on 300 markets.

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.

NovaDAX liquidity and coverage analysis

The current local dataset contains 341 observed pairs, 331 represented assets, 343 ticker records. The ten leading pairs account for about 97.0% of measured volume, a concentrated distribution. Median spread across the observed leading markets is 1.09%. The local volume series contains 30 points; its first to latest change is -13.9%, with a median observation of 86.64 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. NovaDAX Overview
  2. Coverage and Trading Structure
  3. How to Evaluate NovaDAX
  4. Key Risks
  5. YearBull Perspective
  6. Primary Sources and Review Scope

NovaDAX Overview

NovaDAX is tracked as a centralized exchange under novadax. The source profile lists Brazil as its country or jurisdiction. A founding or launch year of 2018 is recorded. This profile describes observed coverage and is not an endorsement.

Coverage and Trading Structure

The reviewed snapshot includes 341 active pairs, 331 tradable assets, 343 ticker observations. The ten leading pairs represented about 97.0% of measured volume; ETH/BRL was the largest observed pair at about 48.5%; median spread across leading markets was 1.09%. Counts and shares depend on available tickers and may not cover every product or jurisdiction.

How to Evaluate NovaDAX

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 #120. 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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