Identified wallets only. Customer debts are not included.
Risk and health
Risk score37.8/100Higher means more pressure.
Health score43.5/100Higher means stronger trading conditions.
Market strain; buy–sell gap 0.02%; 7-day trading change +30.4%
Market evidence: 2026-09-08. Scores calculated: 2026-09-15. Evidence confidence: 69/100. These indices do not measure the probability of failure or prove solvency.
Gemini
Shows Gemini trading, money movements and published company records.
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 pairs36
Share of tradingTheir share of the measured 24-hour trading1.68%
Share of nearby ordersTheir share of orders within 2% on both sides13.12%
Typical support for sellingMiddle pair’s visible buy orders within 2% below price$9.92k
Typical support for buyingMiddle pair’s visible sell orders within 2% above price$8.01k
Typical price gapMiddle pair’s gap between the best buy and sell quote0.15%
Less than $10,000 on either side21 of 36 pairs have fewer nearby orders on at least one side58.33%
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 2 · 15 of 20 core questions have evidence (75%). This tier measures available information, not exchange health. Some evidence is partial or historical.
69/100
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.
Over seven days, net transfers of $11.66m left the tracked wallets. That is 0.2% 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
−$3.08m
7 days
−$11.66m
30 days
−$1.03m
These windows overlap. Their bars show direction and size; they should not be added together.
Trust center lists financial statements through December2025 and SOC1/SOC2 examination periods through September2025. Listing proves public disclosure references, not that the underlying reports were reviewed or that all liabilities are backed today. GUSD issuer reserves are a separate scope.
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 materialSecurityTrading feesReported trading and money near the price
the price
$76.6m
$19.1m resting24.9% of a day's trading
Orders near the price total $19.1m, equal to 24.9% of reported daily trading.
Orange is reported 24-hour volume. The blue band is quoted depth within 2% of the price, estimated across both directions and drawn at the same scale. Of what Gemini reported, 98% was measurable here across its busiest 46 pairs.
What this venue carries.
Reported 24-hour volume, quoted depth near the price, and the ratio between them.
Across 46 usable pairs covering 43 assets.
Estimated across both directions. Depth rank 66 of 122 on the board.
Rank 58 of 122. The typical venue reports 3.8x.
Charlie's inferenceGemini does not show that split today. Its quote and its book point the same way. Its average spread is 0.015%, which ranks 11 of 122 from tightest. A tight quote is a price gap. The book shows how much was posted near it at the read.
The broad view, with every part left visible.
The profile joins five market readings. All five must be available for the same comparison group. It does not include liabilities, customer assets or withdrawal completion, so it is not a safety score.
Mixed market readings
All trading is valued in Bitcoin. The latest seven-day average is compared with the previous seven days. The change can differ from trading measured in dollars.
The latest seven-day average is compared with a matching seven-day average thirty days earlier. Volumes are valued in Bitcoin.
$6.3m, or 8% of measured venue trading.
Against venues its own size.
Comparing a small venue with the largest tells you little. These are the exchanges nearest to it in reported volume, from $65.2m to $78.5m, and their volume-to-depth ratios.
Charlie's inferenceThe middle of this size band reports 0.4x volume-to-depth. That is the closer comparison, not the full-market average.
What it leans on.
Concentration, one-sidedness and how much survives once the two legs everything trades against are removed.
64% of its trading. Its top three pairs are 82%.
Zero would mean buying and selling cost the same. Higher means the book supports one direction more than the other.
Of its trading survives that removal, and 54% of its depth.
What has been reported.
Recent stories about Gemini. A headline can raise a useful question; the figures elsewhere on this page help check it.
- Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator saysCNBC · 31 Aug 2026
- Gemini Raises IPO Price Range, Targets $3 Billion ValuationYellow.com · 06 Sep 2026
- Gemini Space Station Hit By Multiple Securities Fraud Claims After IPOYellow.com · 06 Sep 2026
- Citi Slashes Gemini Stock To Sell - And Cuts Bitcoin Forecast TooYellow.com · 05 Sep 2026
What it publishes, and what this page will not say.
Official financial statement and controls examination directory, Not established.
Listed pairs marked stale or odd, removed before any figure here.
Nothing on this page describes what this company owes or holds for customers. Order-book data cannot answer that.
A closer look at Gemini.
Open a group for company records, operating details and the gaps that still matter.
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 material15 of 20 questions
Customer balances and company debtsNot established here as a per-asset reserve ratioRead the scope
Questions still openDisclosure 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