First Ledger is a centralized exchange. Reports $8M in 24-hour trading volume across all pairs. Its domain ranks #511,320 on Tranco — the one signal an exchange cannot type about itself. CoinGecko's own trust grade is 2/10 (their volume-authenticity check found the order book does not back the claim).
| Custody | Custodial |
|---|---|
| KYC | Required |
| Website | firstledger.net |
| 24-hour volume | $8M |
| Tranco web rank | #511,320 |
| Proof of reserves | Unknown |
| Reliability ratio (liquidity / Tranco) | 5.4× — volume scored at 1/5.4 (1× = the top-ten norm) |
| Data access | Not probed |
| Order-book depth (BTC, 0.1% of mid) | Not measured |
Figures from the 25 September 2026 build snapshot. Open the live view for the current rankings.
Volume is a claim about a past that left no artifact. An order book is a claim about the present the exchange has to have standing there when you look. Tranco web rank is the one number nobody can type: it counts resolvers in the wild, not anything the venue reports. That is why the ranking uses web rank as the anchor and treats a deep book as a permission to keep a position, not a reason to promote one.
No curated markets are recorded for First Ledger on this build. The exchange's own site is the primary place to browse its pair list; the ranking gathers markets by ASSET, so this section fills in as coins First Ledger trades appear in the top-N snapshot.