Identified wallets only. Customer debts are not included.
Warning signs and trading health
Warning-sign score59.6/100Higher means more warning signs.
Health score51.0/100Higher means smoother trading.
Weak trading conditions; buy–sell gap 0.06%; 7-day trading change -34.5%
Trading data from 2026-09-08. Scores worked out on 2026-09-15. How much data we have: 69/100. These scores do not tell you the chance of failure, or whether the exchange can pay back its customers.
CoinW
How CoinW 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 pairs334
Share of tradingTheir share of the measured 24-hour trading21.74%
Share of nearby ordersTheir share of orders within 2% on both sides58.39%
Typical support for sellingMiddle pair’s visible buy orders within 2% below price$20.70k
Typical support for buyingMiddle pair’s visible sell orders within 2% above price$19.32k
Typical price gapMiddle pair’s gap between the best buy and sell quote0.37%
Less than $10,000 on either side115 of 334 pairs have fewer nearby orders on at least one side34.43%
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 · 16 of 20 core questions have evidence (80%). This tier measures available information, not exchange health. Some evidence is partial or historical.
69/100
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.
Over seven days, net transfers of $298.14k left the tracked wallets. That is 139.7% 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
$0.00
7 days
−$298.14k
30 days
$0.00
These windows overlap. Their bars show direction and size; they should not be added together.
Direct portal followed from the official homepage footer. March2026 official announcement establishes monthly stated cadence; its blended ratio is not reused as a current or per-asset value.
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
$1.28B
$66.3m resting5.2% of a day's trading
Orders waiting near the price add up to $66.3m, equal to 5.2% 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 99% of what CoinW reports, across its busiest 344 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 344 trading pairs and 314 coins we could read.
Buy and sell orders together. Rank 46 of 122 among the exchanges we could read.
Rank 16 of 122. The typical exchange: 3.8x.
What this meansCoinW does not show that problem: its price gap and its waiting orders tell the same story. Its average price gap is 0.060%, rank 64 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.
$596m, or 46% 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 ($1.22B to $1.44B), and how much each trades per $1 of waiting orders.
What this meansThe typical exchange of this size trades 9.4x 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.
46% of its trading. Its top three pairs make up 67%.
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 9% of its waiting orders.
In the news
Recent stories about CoinW. Use the numbers on this page to check them.
- Will Toobit and CoinW List BDAG Today, or Is Another Delay Coming?Coin Gabbar · 19 Aug 2026
What it publishes, and what we cannot tell you
Official proof-of-reserves portal, 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 CoinW
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 frequency16 of 20 questions
Customer balances and company debtsOfficial program describes reserve backing for customer assets; exact current report scope not parsedRead the scope
Questions still openCustomer balance scope, Dated 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