Vindax exchange overview
Centralized (CEX). Country Vietnam. Established 2019. Trust rank 166. Reported 24h volume 354.33 BTC.
Coverage: 50 active pairs across 37 tradable assets. Liquidity profile: Moderate. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 66.6%. Key pairs include ETH/USDT, DOGE/USDT, SOL/USDT, XRP/USDT. Leading pair ETH/USDT. Median spread on leading markets 0.24%.
Understanding activity and pricing
Volume mix: USDT is the largest tracked quote currency at about 86.5% of measured flow. Data scope: 50 tickers observed, with spread readings on 50 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. 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. 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