Identified wallets only. Customer debts are not included.
Warning signs and trading health
Warning-sign score41.7/100Higher means more warning signs.
Health score50.4/100Higher means smoother trading.
Weak trading conditions; buy–sell gap 0.04%; 7-day trading change +8.7%
Trading data from 2026-09-08. Scores worked out on 2026-09-15. How much data we have: 64/100. These scores do not tell you the chance of failure, or whether the exchange can pay back its customers.
KuCoin
How KuCoin 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 pairs847
Share of tradingTheir share of the measured 24-hour trading36.85%
Share of nearby ordersTheir share of orders within 2% on both sides55.51%
Typical support for sellingMiddle pair’s visible buy orders within 2% below price$3.62k
Typical support for buyingMiddle pair’s visible sell orders within 2% above price$3.03k
Typical price gapMiddle pair’s gap between the best buy and sell quote0.20%
Less than $10,000 on either side630 of 847 pairs have fewer nearby orders on at least one side74.38%
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.
64/100
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 $41.95m left the tracked wallets. That is 1.3% 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
−$42.36m
7 days
−$41.95m
30 days
+$27.93m
These windows overlap. Their bars show direction and size; they should not be added together.
Displayed percentages are rounded. Header says Aug31 23:59:59 UTC+8 while verification section says Aug31 15:59:59 UTC+8; date-only retained, exact time unresolved. Older locale snapshots differ. Ratios are historical, not current reserve measurements.
What the dated reserve report said.
Report date: 2026-08-31; page contains conflicting times within that date. Published reserve ratios. These figures describe that snapshot, not current balances.
Disclosed assets divided by included customer balances.
Disclosed assets divided by included customer balances.
Disclosed assets divided by included customer balances.
Disclosed assets divided by included customer balances.
Company documents and useful links
These are company publications. A link establishes that material is published; it does not verify every claim in it.
2026-08-31; page contains conflicting times within that dateReserve materialSecurityTrading, and the orders waiting near the price
the price
$1.44B
$81.2m resting5.6% of a day's trading
Orders waiting near the price add up to $81.2m, equal to 5.6% 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 KuCoin reports, across its busiest 857 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 857 trading pairs and 737 coins we could read.
Buy and sell orders together. Rank 41 of 122 among the exchanges we could read.
Rank 19 of 122. The typical exchange: 3.8x.
What this meansKuCoin does not show that problem: its price gap and its waiting orders tell the same story. Its average price gap is 0.037%, rank 41 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.
$441m, or 31% 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 ($1.28B to $1.46B), and how much each trades per $1 of waiting orders.
What this meansThe typical exchange of this size trades 7.8x 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.
31% of its trading. Its top three pairs make up 42%.
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 7% of its waiting orders.
In the news
Recent stories about KuCoin. Use the numbers on this page to check them.
- KuCoin and Tomorrowland Unveil the Celestia Stage, Bringing a Shared Vision of Trust, Discovery and Transformation to Tomorrowland Belgium 2026Yellow.com · 08 Sep 2026
- CoinGecko Research: KuCoin's Nine-Year Evolution Reflects Crypto's Shift from Trading to Trusted InfrastructureYellow.com · 07 Sep 2026
- KuCoin Launches PROOF: Tomorrowland Edition, Connecting Fair Trading Competitions with Real-World Experiences at Tomorrowland Belgium 2026Yellow.com · 07 Sep 2026
- KuCoin launches KCUSD with yields up to 4%Invezz · 07 Sep 2026
What it publishes, and what we cannot tell you
Official dated reserve snapshot and account inclusion portal, Periodic; exact cadence not established in this read.
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 KuCoin
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, Customer balance scope, Dated per-asset reserve ratios17 of 20 questions
Customer balances and company debtsListed KuCoin user balances compared with wallet assets for the four displayed tokensRead the scope
Questions still openDisclosure frequency, 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