Indodax
Indodax is a centralized exchange. Reports $18M in 24-hour trading volume across all pairs. Its domain ranks #43,277 on Tranco — the one signal an exchange cannot type about itself. CoinGecko's own trust grade is 5/10 (their volume-authenticity check found the order book does not back the claim).
| Custody | Custodial |
|---|---|
| KYC | Required |
| Region | Indonesia |
| Since | 2014 |
| Website | indodax.com |
| 24-hour volume | $18M |
| Tranco web rank | #43,277 |
| Proof of reserves | Reported to publish, no verified link — a claim with nothing to show, scored 0 |
| Reliability ratio (liquidity / Tranco) | 0.0× — volume scored in full (1× = the top-ten norm) |
| Liquidity size (thinner side of the book, ten largest markets, within 1% of mid) | $2M across 10 markets |
| Liquidity / volume | liquidity within 1% of mid is 6.9% of daily volume on its top-10 markets; 0% of that volume sits beyond the book (worst PENGU/IDR at 3.0%, floor 0.07%) — within range · at or above the top-ten norm |
| Data access | Public order book, read directly, reaching ±1% of mid or further |
| Order-book depth (BTC, 0.1% of mid) | $99,998 within 0.1% of mid |
Figures from the 25 September 2026 build snapshot. Open the live view for the current rankings.
What the ranking counts
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.
Pairs from our own build snapshot (0)
No curated markets are recorded for Indodax 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 Indodax trades appear in the top-N snapshot.