CoinGecko Liquidity Tracker
Volume can be faked, but liquidity is much harder to manipulate. CoinGecko's Trust Score and Liquidity metrics help you identify exchanges where you can trade large amounts with minimal price impact.
Problems it solves
Wash Trading Detection
Identify exchanges that report billions in volume but have paper-thin order books, suggesting wash trading activity.
Slippage Prediction
Use the +2% and -2% depth metrics to understand how much you would move the price if you bought or sold $100k of an asset.
Counterparty Risk
The 'Trust Score' aggregates scale, API quality, and cybersecurity ratings to provide a measure of overall platform reliability.
How to use correctly
1. Go to the 'Exchanges' section on CoinGecko.
2. Look for the 'Trust Score' (ranked out of 10). Generally, only trade on exchanges with 8+.
3. Check the '2% Depth' columns. High depth means you can trade larger amounts with less slippage.
4. Compare the 'Normalized Volume' against the reported volume to see the impact of potential wash trading filters.
Limitations
- ✕Liquidity can disappear instantly during high-volatility events as market makers pull their orders.
- ✕Trust Score is a helpful guide but does not guarantee the safety of your funds (e.g., the FTX case).
- ✕Depth metrics are a snapshot and may not reflect the full liquidity available via hidden or iceberg orders.
Best For
Whales, institutional traders, and safety-conscious retail users who want to avoid high-risk or low-liquidity trading venues.