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In exchange for the proof-of-reserve system, Binance, the world’s largest cryptocurrency exchange, and other exchanges announced that it would try and restore confidence in crypto exchange after FTX suddenly went bankrupt.
In this context, Binance and leading exchanges publish reserve reports at regular intervals.
As these reports continue to emerge, CryproQuant has revealed itself to be the most transparent exchange in terms of reserves.
According to CryptoQuant data, KuCoin received the highest proof-of-reserve (PoR) transparency score among major cryptocurrency exchanges.
CryptoQuant based its ranking on criteria such as reserves, trading volume, and transparency, while KuCoin scored 96.7 out of 100.
A significant difference between the platforms also emerged in a ranking of s. In CryptoQuant data, some exchanges remain “not entirely transparent” (see ‘)
Bybit ranked second with 93.2 points, behind KuCoin, while Kraken came in third with 88.55 points.
They were followed by Mexc with 82. BitMEX 95 78, BitmeX 75 95 points. gate with 78 points 95 point, Gate Deribit (75 points, Derit) 9. Blink with 75 points, 91 points. 2 points.
Coinbase ranked much lower with a score of 44.3.
Some exchanges were much less rated than others, on the other hand, by . By e.g., BitFlyer scored just 23 marks for (i.e bitflyers). bitfinex31, Bitfiner 25 points. 75 points, and Crypto. com 23 . rated with an E grade, 75 points. Analytics company said this data shows risks still exist in the industry, and that s are a key part of the analytics firm.
based on this data, Binance is the largest exchange in terms of total trading volume (with an estimated annual volume of around $32). During 2025, 4 trillion is in the box of s.
*This is not investment advice.
Thanks for reading Analytics Company Publishes List of the Most Transparent Cryptocurrency Exchange! “Not Binance! – A Surprising Name Takes the Top Spot!”
