Independent Reserve

Independent Reserve is a centralized exchange. Its domain ranks #237,945 on Tranco — the one signal an exchange cannot type about itself. CoinGecko's own trust grade is 6/10 (their volume-authenticity check found the order book does not back the claim).

CustodyCustodial
KYCRequired
RegionAustralia
Since2013
Websitewww.independentreserve.com
Tranco web rank#237,945
Proof of reservesNo proof-of-reserves page
Liquidity size (thinner side of the book, ten largest markets, within 2% of mid)$2M across 10 markets · via CoinGecko
Liquidity / volumeliquidity within 2% of mid is 63% of daily volume on its top-10 markets; 0% of that volume sits beyond the book (worst XBT/NZD at 47%, floor 0.13%) · via CoinGecko — within range · at or above the top-ten norm
Data accessPublic order book, read directly, reaching ±1% of mid or further
Order-book depth (BTC, 0.1% of mid)$1,619 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.