Data

Crypto Exchange Proof-of-Reserves Tracker (2026)

Name: Crypto Exchange Proof-of-Reserves Tracker (2026)
Creator: CompareCEX

A sourced, dated record of which major centralized exchanges publish Proof-of-Reserves, their method and auditor, latest report date, and reserve ratios for BTC/ETH/USDT — with an official source link per row.

Last verified: October 31, 2026 See our sources

CompareCEX is an affiliate comparison site — we may earn a commission when readers sign up through our links elsewhere on this site. That does not change any figure on this page; every row links to the exchange's own official Proof-of-Reserves page or the named auditor's report.

Exchange	Publishes PoR?	Method / auditor	Latest report	Frequency	BTC	ETH	USDT	Liabilities incl.?	Source
Binance	Yes	Merkle tree + zk-SNARK; self-verified, no named auditor	Not dated on the official PoR page	Not stated on the official PoR page	Not published	Not published	Not published	Yes — page states Binance holds all user assets 1:1, including reserves	Binance official Proof-of-Reserves page
Coinbase	No	No Merkle-tree PoR — relies on SEC-audited financials (Deloitte)	Not published (exchange-wide)	Not applicable — no recurring exchange-wide PoR program	Not published	Not published	Not published	Covered via SEC-audited financial statements (Deloitte), not a cryptographic PoR	Coinbase cbBTC Proof-of-Reserves page (wrapped-asset only)
Kraken	Yes	Merkle tree; audited by an unnamed independent accountant	2026-06-30	Recurring reviews (exact interval not stated on the page)	102.9%	100.5%	105%+	Not explicitly addressed on the page	Kraken official Proof-of-Reserves page
OKX	Yes	zk-STARK proof; self-verified via open-source tooling, no named auditor	2026-10 (48th monthly report, ~$29.4B in primary assets)	Monthly	110%	100%	105%	Yes — verifies every account balance is non-negative and that total reserves exceed total liabilities	OKX official Proof-of-Reserves page
Bybit	Yes	Merkle tree; audited monthly by Hacken (independent third party)	2026-09-23 (40th report, released ~Sep 30, 2026)	Monthly since December 2022	104%	103%	110%	Yes — reserve ratio is reserves vs. user liabilities per asset, audited by Hacken	Bybit Proof-of-Reserves audit (Hacken), Sep 23, 2026 snapshot
Bitget	Yes	Self-published Merkle tree; no independent auditor named	2026-10-21 11:00 (UTC+8) snapshot	Monthly since December 2022	113%	162%	105%	Yes — ratio is total platform assets vs. users' assets, shown per token	Bitget official Proof-of-Reserves page (total reserve ratio 115% at this snapshot)
KuCoin	Yes	Merkle tree; third-party audit process (firm not named on page)	2026-09-30	Monthly, 32 consecutive months as of this report	109%	117%	110%	Not explicitly addressed on the page	KuCoin official Proof-of-Reserves page
Gate	Yes	Self-published reserve report; methodology not detailed	2026-08-19	Periodic (exact cadence not stated)	~123%	~122%	~112% (stablecoins combined)	Not addressed — reserves/holdings only, no liabilities figure	Gate official Proof-of-Reserves announcement, Aug 19, 2026
MEXC	Yes	Merkle tree; real-time self-verification dashboard, plus monthly third-party audits by Hacken per MEXC's own announcements	Live dashboard — reserve-ratio snapshot 2026-10-08 23:00 (UTC+7)	Continuous/real-time dashboard; MEXC also publishes monthly PoR announcements	293.86%	110.90%	122.38%	Yes — ratio is "MEXC Wallet Total Assets" vs "MEXC Total User Assets" per token	MEXC official "Proof of Trust" live reserves page
HTX	Yes	Self-published Merkle tree; no independent auditor named	2026-10-01 00:00 (UTC+8) — "Audit Time" shown on the page	Monthly	104%	102%	Not shown on this page (see note)	Yes — ratio denominator is "Total users' assets on HTX" (i.e. liabilities)	HTX official Proof-of-Reserves page
Crypto.com	No	One-off Merkle-tree audit by Mazars Group (Dec 2022); not recurring	2022-12-07 (stale — no update since)	Not recurring — a single historical report	Not currently published	Not currently published	Not currently published	Not addressed in the 2022 report scope	Crypto.com official Proof-of-Reserves page (shows data "as of December 7, 2022")
Bitfinex	No	One-time 2022 PoR demonstration + Proof-of-Solvency whitepaper; not recurring	Not an ongoing program	Not recurring	Not currently published	Not currently published	Not currently published	Not applicable	Bitfinex support/security pages; Bitfinex blog's 2022 "Resilient in Face of Market Events" PoR demonstration post
Gemini	No	No Merkle-tree PoR — SOC 1/SOC 2 attestations by Deloitte	SOC exams cover rolling 12-month periods (latest window checked: Oct 1, 2024 – Sep 30, 2025); audited financials latest Dec 2025	SOC exams annually (rolling window); audited financials semi-annually	Not published	Not published	Not published	Addressed via audited financial statements, not a cryptographic reserve/liability proof	Gemini Trust Center

Binance

Yes

Method / auditor: Merkle tree + zk-SNARK; self-verified, no named auditor
Latest report / frequency: Not dated on the official PoR page — Not stated on the official PoR page
Assets covered: Not fully itemized on the official PoR page
Reserve ratio (BTC / ETH / USDT): Not published / Not published / Not published
Includes liabilities?: Yes — page states Binance holds all user assets 1:1, including reserves
Note: Method detail: users check their own balance via a Merkle Leaf/Record ID in-account. Pending: Binance's Security Incident Update #2 (Oct 31, 2026) states "We plan to run an initial Proof Of Reserves snapshot in 12 hours and have the result ready by Monday 2026-11-02" — a one-off post-incident snapshot, not yet published as of this table's last-verified date.
Source: Binance official Proof-of-Reserves page

Coinbase

Method / auditor: No Merkle-tree PoR — relies on SEC-audited financials (Deloitte)
Latest report / frequency: Not published (exchange-wide) — Not applicable — no recurring exchange-wide PoR program
Assets covered: Not applicable (exchange-wide); wrapped cbBTC only on a separate page
Reserve ratio (BTC / ETH / USDT): Not published / Not published / Not published
Includes liabilities?: Covered via SEC-audited financial statements (Deloitte), not a cryptographic PoR
Note: CEO Brian Armstrong has said Coinbase relies on SEC-mandated audited financial statements instead of Merkle-tree proof of reserves; a separate page covers only wrapped cbBTC reserves, not overall customer balances. Could not verify the cbBTC page on 2026-10-31 — the page returned an access error.
Source: Coinbase cbBTC Proof-of-Reserves page (wrapped-asset only)

Kraken

Yes

Method / auditor: Merkle tree; audited by an unnamed independent accountant
Latest report / frequency: 2026-06-30 — Recurring reviews (exact interval not stated on the page)
Assets covered: BTC, ETH, SOL, XRP, ADA, USDC, USDT, USDG — spot, staking, margin, futures collateral
Reserve ratio (BTC / ETH / USDT): 102.9% / 100.5% / 105%+
Includes liabilities?: Not explicitly addressed on the page
Source: Kraken official Proof-of-Reserves page

OKX

Yes

Method / auditor: zk-STARK proof; self-verified via open-source tooling, no named auditor
Latest report / frequency: 2026-10 (48th monthly report, ~$29.4B in primary assets) — Monthly
Assets covered: 22 cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB
Reserve ratio (BTC / ETH / USDT): 110% / 100% / 105%
Includes liabilities?: Yes — verifies every account balance is non-negative and that total reserves exceed total liabilities
Note: Earlier OKX reports used Merkle tree before moving to zk-STARK.
Source: OKX official Proof-of-Reserves page

Bybit

Yes

Method / auditor: Merkle tree; audited monthly by Hacken (independent third party)
Latest report / frequency: 2026-09-23 (40th report, released ~Sep 30, 2026) — Monthly since December 2022
Assets covered: 50 tokens; ~$19.6B in covered mainstream assets in this report
Reserve ratio (BTC / ETH / USDT): 104% / 103% / 110%
Includes liabilities?: Yes — reserve ratio is reserves vs. user liabilities per asset, audited by Hacken
Source: Bybit Proof-of-Reserves audit (Hacken), Sep 23, 2026 snapshot

Bitget

Yes

Method / auditor: Self-published Merkle tree; no independent auditor named
Latest report / frequency: 2026-10-21 11:00 (UTC+8) snapshot — Monthly since December 2022
Assets covered: LINK, BTC, USDT, ETH, LTC, USDC, NEAR, USDGO (list is paginated on the page; may include more)
Reserve ratio (BTC / ETH / USDT): 113% / 162% / 105%
Includes liabilities?: Yes — ratio is total platform assets vs. users' assets, shown per token
Note: This snapshot reflects reserve levels after Bitget's Sep 24, 2026 security incident; ratios have continued to shift across the reports published since then. Unlike Bybit and KuCoin, which name Hacken as an independent auditor, Bitget's figures are self-published with no named independent auditor.
Source: Bitget official Proof-of-Reserves page (total reserve ratio 115% at this snapshot)

KuCoin

Yes

Method / auditor: Merkle tree; third-party audit process (firm not named on page)
Latest report / frequency: 2026-09-30 — Monthly, 32 consecutive months as of this report
Assets covered: BTC, ETH, USDT, USDC (headline assets on the page)
Reserve ratio (BTC / ETH / USDT): 109% / 117% / 110%
Includes liabilities?: Not explicitly addressed on the page
Source: KuCoin official Proof-of-Reserves page

Gate

Yes

Method / auditor: Self-published reserve report; methodology not detailed
Latest report / frequency: 2026-08-19 — Periodic (exact cadence not stated)
Assets covered: BTC, ETH, USDT, USDC, USD1, GUSD, GT, XRP
Reserve ratio (BTC / ETH / USDT): ~123% / ~122% / ~112% (stablecoins combined)
Includes liabilities?: Not addressed — reserves/holdings only, no liabilities figure
Note: Gate's own announcement states per-asset ratios as "excess" percentages above 100% (e.g. "BTC 22.79% excess", "ETH 22.05% excess", stablecoins "11.63% excess"); figures above are the equivalent total ratios (100% + excess), shown for consistency with the other rows.
Source: Gate official Proof-of-Reserves announcement, Aug 19, 2026

MEXC

Yes

Method / auditor: Merkle tree; real-time self-verification dashboard, plus monthly third-party audits by Hacken per MEXC's own announcements
Latest report / frequency: Live dashboard — reserve-ratio snapshot 2026-10-08 23:00 (UTC+7) — Continuous/real-time dashboard; MEXC also publishes monthly PoR announcements
Assets covered: USDT, USDC, BTC, ETH
Reserve ratio (BTC / ETH / USDT): 293.86% / 110.90% / 122.38%
Includes liabilities?: Yes — ratio is "MEXC Wallet Total Assets" vs "MEXC Total User Assets" per token
Note: Figures are from MEXC's live "Proof of Trust" dashboard, which updates continuously; MEXC also publishes separate monthly Hacken-audited reports via its blog.
Source: MEXC official "Proof of Trust" live reserves page

HTX

Yes

Method / auditor: Self-published Merkle tree; no independent auditor named
Latest report / frequency: 2026-10-01 00:00 (UTC+8) — "Audit Time" shown on the page — Monthly
Assets covered: BTC, ETH, TRX, USDS, HTX token, XRP, DOGE, SOL
Reserve ratio (BTC / ETH / USDT): 104% / 102% / Not shown on this page (see note)
Includes liabilities?: Yes — ratio denominator is "Total users' assets on HTX" (i.e. liabilities)
Note: The table on this page lists a token labeled "USDS" at 104%, not "USDT" — these are distinct tickers on HTX. HTX's current snapshot does not show a separate USDT ratio, so we show "not shown" rather than assuming USDS equals USDT.
Source: HTX official Proof-of-Reserves page

Crypto.com

Method / auditor: One-off Merkle-tree audit by Mazars Group (Dec 2022); not recurring
Latest report / frequency: 2022-12-07 (stale — no update since) — Not recurring — a single historical report
Assets covered: BTC, ETH, USDT, USDC and others, per the 2022 report (not all tokens/chains were covered even then)
Reserve ratio (BTC / ETH / USDT): Not currently published / Not currently published / Not currently published
Includes liabilities?: Not addressed in the 2022 report scope
Note: Audited under the ISRS 4400 standard. The page is still live but has not been updated since Dec 2022 — treated here as "not published" for current status.
Source: Crypto.com official Proof-of-Reserves page (shows data "as of December 7, 2022")

Bitfinex

Method / auditor: One-time 2022 PoR demonstration + Proof-of-Solvency whitepaper; not recurring
Latest report / frequency: Not an ongoing program — Not recurring
Assets covered: Not applicable — no current recurring report
Reserve ratio (BTC / ETH / USDT): Not currently published / Not currently published / Not currently published
Includes liabilities?: Not applicable
Note: A whitepaper describes a "Ballot" voting-based Proof-of-Solvency scheme on GitHub, but no recurring, dated proof-of-reserves reports are currently published by Bitfinex.
Source: Bitfinex support/security pages; Bitfinex blog's 2022 "Resilient in Face of Market Events" PoR demonstration post

Gemini

Method / auditor: No Merkle-tree PoR — SOC 1/SOC 2 attestations by Deloitte
Latest report / frequency: SOC exams cover rolling 12-month periods (latest window checked: Oct 1, 2024 – Sep 30, 2025); audited financials latest Dec 2025 — SOC exams annually (rolling window); audited financials semi-annually
Assets covered: Not itemized per-asset — covers overall custody/control attestations, not a BTC/ETH/USDT reserve ratio
Reserve ratio (BTC / ETH / USDT): Not published / Not published / Not published
Includes liabilities?: Addressed via audited financial statements, not a cryptographic reserve/liability proof
Source: Gemini Trust Center

Binance: Method detail: users check their own balance via a Merkle Leaf/Record ID in-account. Pending: Binance's Security Incident Update #2 (Oct 31, 2026) states "We plan to run an initial Proof Of Reserves snapshot in 12 hours and have the result ready by Monday 2026-11-02" — a one-off post-incident snapshot, not yet published as of this table's last-verified date.

Coinbase: CEO Brian Armstrong has said Coinbase relies on SEC-mandated audited financial statements instead of Merkle-tree proof of reserves; a separate page covers only wrapped cbBTC reserves, not overall customer balances. Could not verify the cbBTC page on 2026-10-31 — the page returned an access error.

OKX: Earlier OKX reports used Merkle tree before moving to zk-STARK.

Bitget: This snapshot reflects reserve levels after Bitget's Sep 24, 2026 security incident; ratios have continued to shift across the reports published since then. Unlike Bybit and KuCoin, which name Hacken as an independent auditor, Bitget's figures are self-published with no named independent auditor.

Gate: Gate's own announcement states per-asset ratios as "excess" percentages above 100% (e.g. "BTC 22.79% excess", "ETH 22.05% excess", stablecoins "11.63% excess"); figures above are the equivalent total ratios (100% + excess), shown for consistency with the other rows.

MEXC: Figures are from MEXC's live "Proof of Trust" dashboard, which updates continuously; MEXC also publishes separate monthly Hacken-audited reports via its blog.

HTX: The table on this page lists a token labeled "USDS" at 104%, not "USDT" — these are distinct tickers on HTX. HTX's current snapshot does not show a separate USDT ratio, so we show "not shown" rather than assuming USDS equals USDT.

Crypto.com: Audited under the ISRS 4400 standard. The page is still live but has not been updated since Dec 2022 — treated here as "not published" for current status.

Bitfinex: A whitepaper describes a "Ballot" voting-based Proof-of-Solvency scheme on GitHub, but no recurring, dated proof-of-reserves reports are currently published by Bitfinex.

Cite this data

Feel free to cite or embed this table. Suggested citation:

CompareCEX, "Crypto Exchange Proof-of-Reserves Tracker (2026)," updated October 31, 2026, https://comparecex.com/data/proof-of-reserves-tracker/

https://comparecex.com/data/proof-of-reserves-tracker/

Methodology

Every figure in this table comes from the exchange's own official Proof-of-Reserves page or a named independent auditor's report — the exact source is linked in each row. We do not estimate, average, or round beyond what that official source states. Where an exchange does not run a recurring, dated Proof-of-Reserves program (for example, relying only on SEC-audited financial statements or a one-time historical report), we mark "Publishes PoR?" as "No" and say so explicitly rather than inferring a reserve ratio. Where we attempted to verify a figure directly on our last-updated date and the official page blocked automated access or returned no content (a JS-rendered app, for instance), we say "could not verify on [date]" in that row's note rather than reusing an older number as if it were current.

This table draws on our Knowledge Graph security records and our live Binance security incident tracker, plus our exchange hacks & withdrawal-halt tracker. See our methodology and sources pages for how we verify exchange data generally.

Crypto assets are volatile and unregulated in many jurisdictions. Not financial advice.