Identified wallets only. Customer debts are not included.
Warning signs and trading health
Warning-sign score100.0/100Higher means more warning signs.
Health score0.0/100Higher means smoother trading.
CoinEx has announced the end of exchange operations. Spot trading ends on 29 September 2026 and withdrawals end on 22 December. Original-token withdrawals have an earlier 29 September deadline. CoinEx says customer assets are fully backed; that statement is not an independent audit. Current closure risk is based on the announcement, not a prediction from earlier market data.
Experimental historical readings
CoinEx provisional risk estimate: 40.7/100
CET token-stress indicator: 44.4/100, shown separately.
Calculated 2026-09-15 using Bitcoin-flow data through 2026-09-13 and liquidity readings from 2026-09-08. CET stress measures its loss relative to Bitcoin from 2026-09-06 to 2026-09-13.
The provisional estimate uses narrower Bitcoin-only wallet coverage and older trading-condition inputs. These mixed-date research readings are not failure probabilities or a validated peer ranking. This is a retrospective calculation, not an earlier published reading.
Closure-blind retrospective: 38.2/100. Risk rank 55 of 111; health 52.3/100. Market data as of 2026-09-08; calculated 2026-09-15, excluding operating news after 2026-09-13. This is a later calculation using earlier data, not a score published before the closure.
Trading data from 2026-09-08. Scores worked out on 2026-09-15. How much data we have: 71/100. These scores do not tell you the chance of failure, or whether the exchange can pay back its customers.
CoinEx
How CoinEx trades, how much money moves through its wallets, and what it publishes about itself.
Beyond the ten busiest pairs
See whether the quieter trading pairs still have orders behind their prices.
Other measured pairsOutside this venue’s ten busiest measured pairs774
Share of tradingTheir share of the measured 24-hour trading35.85%
Share of nearby ordersTheir share of orders within 2% on both sides58.96%
Typical support for sellingMiddle pair’s visible buy orders within 2% below price$526.20
Typical support for buyingMiddle pair’s visible sell orders within 2% above price$428.01
Typical price gapMiddle pair’s gap between the best buy and sell quote0.79%
Less than $10,000 on either side728 of 774 pairs have fewer nearby orders on at least one side94.06%
These are the covered pairs, not every listed coin. Less traded here does not mean a small market cap. Visible orders can change; they do not guarantee the price of a trade.
How much can this reading tell us?
Confidence in the evidence available for this page. It is not a safety rating or a chance of survival.
Data coverage · Tier 1 · 17 of 20 core questions have evidence (85%). This tier measures available information, not exchange health. Some evidence is partial or historical.
71/100
Evidence confidence
Evidence confidence
Where the evidence is strongest
Coverage is limited to 20 core questions. It does not cover every exchange risk, wallet behaviour or trading-quality check.
Money held, money moving.
Inflow minus outflow in the tracked wallet set.
Transfers can include custody changes as well as customer activity.
This window overlaps the seven-day reading; do not add them.
Reported open interest. Separate from spot trading.
Reported activity in derivatives.
Over seven days, net transfers of $11.64k left the tracked wallets. That is 0.0% of the assets currently visible. This is movement in a labelled wallet set, not a count of customer withdrawals.
Net transfers outNet transfers in
24 hours
+$100.78
7 days
−$11.64k
30 days
−$6.20m
These windows overlap. Their bars show direction and size; they should not be added together.
Official portal is linked by the exchange's own verification guide. The indexed monthly update has ratios but no established snapshot date in its readable text; those ratios are withheld.
Company documents and useful links
These are company publications. A link establishes that material is published; it does not verify every claim in it.
Published reserve materialTrading, and the orders waiting near the price
the price
$52.7m
$16.0m resting30.4% of a day's trading
Orders waiting near the price add up to $16.0m, equal to 30.4% of a day's trading.
Orange is a day's trading. Blue is the buy and sell orders waiting within 2% of the price, drawn to the same scale. We could read 98% of what CoinEx reports, across its busiest 784 trading pairs.
How much it trades, and how many orders stand behind it
A day's trading, the orders waiting near the price, and how the two compare.
Across 784 trading pairs and 589 coins we could read.
Buy and sell orders together. Rank 72 of 122 among the exchanges we could read.
Rank 67 of 122. The typical exchange: 3.8x.
What this meansCoinEx does not show that problem: its price gap and its waiting orders tell the same story. Its average price gap is 0.203%, rank 94 of 122 from smallest. A small price gap does not mean many orders are waiting behind it.
All five trading checks together
This score combines five checks on how well the exchange trades. It knows nothing about what the exchange owes or holds for customers, so it is not a safety score.
Mixed market readings
The last seven days of trading against the seven days before, counted in bitcoin rather than dollars.
The last seven days of trading against the same seven days a month earlier, counted in bitcoin.
$13.2m, or 25% of the trading we could read.
Compared with exchanges its own size
Comparing a small exchange with Binance tells you little. These are the exchanges closest to it in daily trading ($39.0m to $64.2m), and how much each trades per $1 of waiting orders.
What this meansThe typical exchange of this size trades 6.0x per $1 of waiting orders. That is the fairer comparison.
What it leans on.
How much of its trading runs through one pair, whether its orders sit mostly on one side, and what is left without Bitcoin and Tether.
25% of its trading. Its top three pairs make up 41%.
0% means the orders are even on both sides. Higher means it is easier to buy than to sell, or the other way round.
of its trading is left, and 8% of its waiting orders.
In the news
Recent stories about CoinEx. Use the numbers on this page to check them.
- CoinEx Daily: Bitcoin Holds Above $78,000 on Institutional Buying Despite Hawkish Fed PressureCoinEx · 31 Aug 2026
- Bitcoin Breaks $80K, Hits Three-Month High: CoinEx, BlockBeats and Bitcoin.com Experts Assess What Comes Nextmarkets.businessinsider.com · 25 Aug 2026
What it publishes, and what we cannot tell you
Official reserve portal and wallet-ownership verification instructions, Monthly, stated by exchange.
Trading pairs with stale or odd prices, left out of every number here.
Nothing here says what this exchange owes or holds for customers. Trading data cannot answer that.
More about CoinEx
Company records, how it operates, and what we still do not know.
What supports this company view
Available evidenceTrading size, Depth, Price gap, Book balance, Largest pair, Bitcoin share, Market breadth, Pair coverage, Seven-day history, Thirty-day history, Tracked assets, One-day flow, Seven-day flow, Thirty-day flow, Direct reserve material, Disclosure frequency, Customer balance scope17 of 20 questions
Customer balances and company debtsIncluded customer balances are compared with disclosed on-chain assetsRead the scope
Questions still openDated per-asset reserve ratios, Measured withdrawal completion, Measured service interruptionsExcluded from conclusions
What could change the reading?A deeper book can disappear; transfers can be custody changes; a reserve report covers its stated date and scope. Repeated measurements and matched company reports strengthen the evidence.Follow the change