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 last verified 12 Oct 2026 next review by 7 Nov 2026
At a glance
All records
7 entities, newest report first. Filter or search below.
How to use this tracker
Search & filter
Filter by kind or month, or use the search box to find a specific report.
Explore the data
Sort by newest first or A to Z.
Inspect records
Select Detail on any row to open its full record, then copy a link that opens that row directly.
Verify sources
Every row links the primary source it came from, most often binance.com.
| Entity | Kind | As of | Stated ratio | Attestor | Source | Record detail |
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| Binance | Exchange | 1 Oct 2026 | BTC 100.35%; ETH 100.00%; USDT 103.88%; USDC 108.26% | None named | Binance Proof of Reserves page | |
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| Bitget | Exchange | 29 Sep 2026 | Total 131%; BTC 142%; ETH 110%; USDT 107%; USDC 154% | None named | Bitget Proof of Reserves page | |
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| OKX | Exchange | 8 Sep 2026 | BTC 109%; ETH 101%; USDT 105%; USDC 100% | None named | OKX Proof of Reserves page | |
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| Circle (USDC) | Stablecoin issuer | 31 Jul 2026 | not available | Deloitte & Touche LLP | USDC Examination Report, July 2026 | |
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| Kraken | Exchange | 30 Jun 2026 | BTC 102.9%; ETH 100.5%; SOL 100.6%; USDC/USDT 105%+ | The Network Firm LLP | Kraken Proof of Reserves page | |
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| Tether (USD₮) | Stablecoin issuer | 30 Jun 2026 | not available | BDO Italia S.p.A. | BDO assurance report (ISAE 3000R), 30 Jun 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 | |
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No records match the current filters.
About this data
- Scope
- Exchanges and stablecoin issuers that publish a dated reserve report or attestation of their own. A venue that publishes nothing cannot appear.
- Key facts
- 7 exchanges and issuers publish a dated reserve report of their own. A venue that publishes nothing cannot appear here, so the list records who discloses.
- 4 of 7 name an accounting firm; the other 3 are self-attested, which is itself the finding.
- Reading the table
- Reserve claims exactly as each exchange or issuer publishes them; the attestor is named only where the report names one. A self-published Merkle proof is not an audit. Informational only, not investment advice.
Using this data in research or journalism?
Quoting a figure with a link to this page needs no permission. Reuse of the compiled dataset is licensed under CC BY 4.0: credit CoinLaw and link back.
What the data shows
The charts below redraw the table above as the trends and comparisons a table cannot show.
How recent the reports are
Entities by the age of their latest reserve report, counted from the date the report itself states.
Who publishes
Exchanges and stablecoin issuers with a dated report of their own.
Verification ledger
5 most recent of 10 logged updates · RSSLatest Updated (primary source)
Total 122% to 131%; BTC 138% to 142%; ETH 181% to 110%; USDT 101% to 107%; USDC 107% to 154%
Re-verified
Bybit: re-confirmed against the Hacken report of 22 Apr 2026 (every in-scope collateral ratio above 100%).
BTC 100.08% to 100.35%; USDT 103.49% to 103.88%; USDC 108.67% to 108.26%
BTC 101.6% to 102.9%; ETH 100.9% to 100.5%; SOL 101.1% to 100.6%
BTC 105% to 109%; ETH 103% to 101%; USDT 112% to 105%; USDC 101% to 100%
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.
