Learn / Exchanges

How exchange tickers and 24h volume work

A ticker is one pair on one venue. Volume is reported, not settled through BoreDash. Trust scores are the feed’s opinion, not ours.

2026-06-02 · 5 min read · Original BoreDash explainer

On a coin page, Markets lists public tickers: the venue, the pair (BTC/USDT), the last price, and the converted 24h USD volume. The same coin can trade at slightly different prices on different books.

Converted volume is the feed’s attempt to put every pair into dollars. It is useful for ranking venues. It is not a guarantee that that many dollars cleared.

Bid-ask spread is the gap between the best bid and ask as a percent of mid. Tight spreads and high volume usually mean a deeper book. Wide spreads on a high “volume” print are a reason to slow down.

BoreDash does not send orders, does not custody assets, and does not endorse a venue. The exchange list is an index. Click through at your own risk.

Trust score on the exchanges table is the feed’s published score. We display it; we do not compute it.