Upbit

Upbit is a centralized exchange. Reports $790M in 24-hour trading volume across all pairs. Its domain ranks #24,994 on Tranco — the one signal an exchange cannot type about itself. CoinGecko's own trust grade is 8/10.

CustodyCustodial
KYCRequired
RegionSouth Korea
Since2017
Websiteupbit.com
24-hour volume$790M
Tranco web rank#24,994
Proof of reservesPublished (audited)
Reliability ratio (liquidity / Tranco)0.9× — volume scored in full (1× = the top-ten norm)
Liquidity size (thinner side of the book, ten largest markets, within 2% of mid)$6M across 10 markets
Liquidity / volumeliquidity within 2% of mid is 0.16% of daily volume on its top-10 markets; 26% of that volume sits beyond the book (worst PUFFER /KRW at 0.04%, floor 0.13%) — within range · 1/11.7 of the top-ten norm
Data accessPublic order book, read directly, covering the ±0.1% band
Order-book depth (BTC, 0.1% of mid)$5,293 within 0.1% of mid

Figures from the 28 October 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.