Across 482 trading pairs and 392 coins we could read.
Warning signs and trading health
Warning-sign score37.9/100Higher means more warning signs.
Health score60.5/100Higher means smoother trading.
Weak trading conditions; buy–sell gap 0.04%; 7-day trading change -10.7%
Trading data from 2026-09-08. Scores worked out on 2026-09-15. How much data we have: 50/100. These scores do not tell you the chance of failure, or whether the exchange can pay back its customers.
Coinbase
How Coinbase 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 pairs472
Share of tradingTheir share of the measured 24-hour trading36.98%
Share of nearby ordersTheir share of orders within 2% on both sides48.06%
Typical support for sellingMiddle pair’s visible buy orders within 2% below price$25.53k
Typical support for buyingMiddle pair’s visible sell orders within 2% above price$20.49k
Typical price gapMiddle pair’s gap between the best buy and sell quote0.16%
Less than $10,000 on either side166 of 472 pairs have fewer nearby orders on at least one side35.17%
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 3 · 11 of 20 core questions have evidence (55%). This tier measures available information, not exchange health. Some evidence is partial or historical.
50/100
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.
Official Coinbase investor directory verified. The listed parent-company filings must not be presented as a standalone spot-exchange reserve attestation or copied to every regional subsidiary.
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
$1.35B
$196m resting14.5% of a day's trading
Orders waiting near the price add up to $196m, equal to 14.5% 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 100% of what Coinbase reports, across its busiest 482 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.
Buy and sell orders together. Rank 22 of 122 among the exchanges we could read.
Rank 32 of 122. The typical exchange: 3.8x.
What this meansCoinbase does not show that problem: its price gap and its waiting orders tell the same story. Its average price gap is 0.041%, rank 48 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.
$241m, or 18% 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 ($1.26B to $1.45B), 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.
18% of its trading. Its top three pairs make up 35%.
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 63% of its waiting orders.
In the news
Recent stories about Coinbase. Use the numbers on this page to check them.
- Coinbase Launches Crypto Futures in Canada for Traders Worth $5 MillionStartup Fortune · 03 Sep 2026
- Coinbase Powers Webull's Crypto Trading Expansion in CanadaYahoo Finance · 01 Sep 2026
- Coinbase Stock Price Target: Goldman Sets $196Forbes · 30 Aug 2026
- Coinbase Brings Crypto Wealth Into Mainstream MortgagesYahoo Finance · 27 Aug 2026
What it publishes, and what we cannot tell you
Public-company financial filing directory, Quarterly and annual filings; quarterly statements are not annual audits.
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 Coinbase
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, Direct reserve material11 of 20 questions
Customer balances and company debtsConsolidated financial filing scope; not a real-time per-asset reserve ratioRead the scope
Questions still openTracked assets, One-day flow, Seven-day flow, Thirty-day flow, Disclosure frequency, Customer 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