CoinLaw The Crypto Desk Proof-of-Reserves Tracker
Proof-of-Reserves Tracker
Who actually publishes reserve reports, and what those reports really say: ratios quoted exactly as published, the attestor named only where the report names one, and self-attested marked as the finding it is.
7 records updated through 31 Jul 2026
This tracker is current through 31 Jul 2026. Records disclosed since then are not yet listed. We would rather show you the gap than imply the list is complete.
Latest change Bybit added from its Hacken audit report. Coinbase remains out of scope: it publishes no proof-of-reserves report, relying on its public-company audit instead (31 Jul 2026) All changes
All records
7 entities, newest report first. Filter or search below.
What is in scope Exchanges and stablecoin issuers that publish a dated reserve report or attestation of their own. A venue that publishes nothing cannot appear.
7 exchanges and issuers publish a dated reserve report of their own. A venue that publishes nothing cannot appear here, so this is a list of who discloses, not a ranking. 4 of 7 name an accounting firm; the other 3 are self-attested, which is itself the finding.
| Entity | Kind | As of | Stated ratio | Attestor | Source | Record detail |
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| Circle (USDC) | Stablecoin issuer | 27 Jul 2026 | — | Deloitte & Touche LLP | Circle Transparency page ↗ | confirmed 31 Jul 2026 |
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| Bitget | Exchange | 20 Jul 2026 | Total 122%; BTC 138%; ETH 181%; USDT 101%; USDC 107% | None named | Bitget Proof of Reserves page ↗ | confirmed 31 Jul 2026 |
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| OKX | Exchange | 7 Jul 2026 | BTC 105%; ETH 103%; USDT 112%; USDC 101% | None named | OKX Proof of Reserves page ↗ | confirmed 31 Jul 2026 |
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| Binance | Exchange | 1 Jul 2026 | BTC 100.08%; ETH 100.00%; USDT 103.49%; USDC 108.67% | None named | Binance Proof of Reserves page ↗ | confirmed 31 Jul 2026 |
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| Bybit | Exchange | 22 Apr 2026 | >100% on every in-scope asset; the report states no exact figures, only that each collateral ratio exceeds 100% | Hacken OU | Hacken Proof of Reserves Audit Report for Bybit ↗ | confirmed 31 Jul 2026 |
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| Kraken | Exchange | 31 Mar 2026 | BTC 101.6%; ETH 100.9%; SOL 101.1%; USDC/USDT 105%+ | The Network Firm LLP | Kraken Proof of Reserves page ↗ | confirmed 31 Jul 2026 |
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| Tether (USD₮) | Stablecoin issuer | 31 Mar 2026 | — | BDO Italia S.p.A. | Tether Transparency page ↗ | confirmed 31 Jul 2026 |
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No records match the current filters.
Verification ledger
3 most recent of 3 logged updates- Bybit added from its Hacken audit report. Coinbase remains out of scope: it publishes no proof-of-reserves report, relying on its public-company audit instead 31 Jul 2026
- Four exchange snapshots added: Kraken, Binance, OKX, Bitget 31 Jul 2026
- Tracker launched with issuer reserve reports from Tether and Circle transparency pages 31 Jul 2026
How this tracker is maintained
Every entry is a report the venue published itself, and the method is recorded as the venue describes it.
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Sourced
Exchanges and stablecoin issuers enter when they publish a dated reserve report or attestation of their own. Ratios are quoted exactly as the report states them, per asset where the publisher reports per asset. A venue that publishes nothing cannot appear, so this is a list of who discloses rather than a ranking of who is sound.
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Dated
Each row carries the report’s own as-of date, not the date we read it. Those differ, often by weeks, and conflating them would overstate how current a reserve position is.
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Re-checked
Publishers are re-checked every 30 days. Where a venue names an accounting firm we record it; where none is named the row says self-attested, which is itself the finding.
- Does a proof of reserves mean an exchange is solvent?
- No, and this is the most common misreading. A reserve report shows assets at a moment in time. Solvency is assets against liabilities, and most reports say nothing verifiable about liabilities, so a healthy-looking ratio is not a solvency opinion.
- What is the difference between attested and self-attested?
- An attestation names an accounting firm that examined the figures under a stated standard. A self-attested report is the venue’s own arithmetic with no independent examination. Both appear here; the Attestor column is empty for the second, deliberately.
- Why is the list short?
- Because most venues publish nothing dated. The absence is the point: a table of who discloses is more useful than a longer table padded with estimates.
This is informational content and does not constitute investment advice, and nothing here is a solvency judgment. A proof-of-reserves report shows assets at a moment in time and generally says nothing verifiable about liabilities; a self-attested report has had no independent examination at all. Read the linked report and its stated method before drawing any conclusion about an exchange.
Quoting a figure with a link to this page needs no permission. Cite it as you would any source. Reuse of the compiled dataset itself is licensed under CC BY 4.0: credit CoinLaw and link back.
