Vindax

Trust Rank External venue ranking. It is not calculated by YearBull and is not a solvency guarantee.
#154
24h Volume (BTC)
362.483 BTC
Country
Vietnam
Established
2019
Author
Alan Zelvin
Alan Zelvin
Founder & Research Lead
Reading time
2 min
Dates Published / Modified
/

Vindax exchange snapshot

Centralized (CEX). Country Vietnam. Established 2019. Trust Rank 154. Reported 24h volume 362.48 BTC.

Coverage: 53 active pairs across 38 tradable assets. Top ten pairs share 64.9%. Key pairs include ETH/USDT, DOGE/USDT, SOL/USDT, BNB/USDT. Leading pair ETH/USDT. Median spread on leading markets 0.12%. Volume mix: USDT is the largest tracked quote currency at about 79.3% of measured flow. Data scope: 53 tickers observed, with spread readings on 53 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.

Vindax liquidity and coverage analysis

The current local dataset contains 53 observed pairs, 38 represented assets, 53 ticker records. The ten leading pairs account for about 64.9% of measured volume, a moderately concentrated distribution. Median spread across the observed leading markets is 0.12%. The local volume series contains 30 points; its first to latest change is +4.3%, with a median observation of 429.32 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. Vindax exchange research overview
  2. Coverage and concentration
  3. Historical volume context
  4. How to evaluate Vindax
  5. Key risks and limits
  6. Primary sources and review scope

Vindax exchange research overview

Vindax is tracked as a centralized exchange under vindax. The source profile lists Vietnam as its country or jurisdiction. A founding or launch year of 2019 is recorded. This profile analyzes observed market structure and is not an endorsement.

Coverage and concentration

The dated snapshot contains 50 active pairs, 37 tradable assets, 50 ticker observations. The leading observed pair is ETH/USDT with about 13.2% of measured volume. The ten leading pairs account for about 66.6%, which is moderately concentrated. Median spread across leading observed markets is 0.24%.

Historical volume context

The local series contains 30 observations. First to latest reported volume changed +4.3%; the median was 429.32 BTC, compared with a measured range of 406.15 to 463.10 BTC. Reported activity does not by itself establish executable depth for a specific order.

How to evaluate Vindax

Compare fees, pair level depth, deposits and withdrawals, custody or contract design, account protections, token verification, and local eligibility. At the 2026-09-12 review, the Trust Rank was #166. Trust Rank, coverage, concentration, and spread answer different questions and should be read together.

Key risks and limits

Custody, withdrawal access, counterparty solvency, operational resilience, account security, jurisdiction, and listing standards are material. Trust Rank is not proof of reserves. Terms, interfaces, listed markets, and regulatory availability can change. Verify current conditions directly with the venue.

Primary sources and review scope

YearBull methodology | Official exchange website. Identity and cached market fields were reviewed on 2026-09-12. The live exchange snapshot may be newer than this editorial review.

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