Transparency for
centralized exchanges.
Track Proof of Reserves, liabilities, and exchange transparency so you can see the evidence behind centralized exchanges.
10 exchanges tracked$300.1B reported assets under coverageUpdated daily
Transparency Feed
Bitget publishes post-incident PoR report
Hot/warm-wallet breach via third-party zero-day
Gate.io releases August PoR snapshot
OKX releases August PoR files
Binance updates its PoR snapshot
KuCoin updates its Merkle PoR
VOXELUSDT abnormal trading incident
Ethereum cold-wallet breach
Bitget publishes post-incident PoR report
Hot/warm-wallet breach via third-party zero-day
Gate.io releases August PoR snapshot
OKX releases August PoR files
Binance updates its PoR snapshot
KuCoin updates its Merkle PoR
VOXELUSDT abnormal trading incident
Ethereum cold-wallet breach
Exchange Transparency Rankings
Sorted by VIF Score| # | Exchange | VIF Score | PoR | Liabilities | Proof Age | Methodology | Auditor | Reported Reserves |
|---|---|---|---|---|---|---|---|---|
| 1 | Gate.io | Verified | Verified | 22 days | zk-PoR | The Network Firm | $8.22B | |
| 2 | OKX | Verified | Verified | 28 days | zk-PoR | Hacken | $35.6B | |
| 3 | Binance | Verified | Verified | 34 days | zk-PoR | Self-attested | $153.6B | |
| 4 |  Coinbase | N/A | Verified | 97 days | Financial statements | Deloitte & Touche | $42.1B | |
| 5 | KuCoin | Verified | Verified | 5 days | Merkle | Hacken | $2.15B | |
| 6 | Bybit | Verified | Verified | 12 days | Merkle | Hacken | $15.6B | |
| 7 | Bitget | Verified | Partial | 6 days | Merkle | Self-attested | $11.2B | |
| 8 |  Kraken | Verified | Verified | 97 days | Merkle | The Network Firm | $27.9B | |
| 9 |  Crypto.com | Stale | Partial | — | Merkle | Self-attested | — | |
| 10 |  Bitstamp | N/A | Partial | — | Annual audit claimed | Undisclosed Big Four | $3.71B |
Statuses describe the evidence an exchange publishes, not a Verifelse solvency guarantee. See the evaluation methodology. Thirty-day spot-volume data: CoinGecko.
Methodology Overview
v1.0VIF Score is a weighted sum of 6 components.
Recent Incidents
Historical recordBitget
Sep 2026Hot/warm-wallet breach via third-party zero-day
Bithumb
Feb 2026BTC promotional-reward miscredit
Upbit
Nov 2025Solana-network hot-wallet breach
Regulatory Transparency Requirements
Custody segregation and periodic reserve/holdings reporting for crypto-asset service providers.
Primary source →Client-asset safeguarding and reserve/segregation rules for virtual-asset service providers.
Primary source →Segregation and safeguarding of customer assets for digital payment token service providers.
Primary source →Framework references for context only; not legal advice. See each regulator's primary source.