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 7 Sep 2026 next review by 7 Oct 2026
At a glance
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 the list records who discloses. 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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| Binance | Exchange | 1 Sep 2026 | BTC 100.08%; ETH 100.00%; USDT 103.49%; USDC 108.67% | None named | Binance Proof of Reserves page ↗ | |
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| Bitget | Exchange | 20 Aug 2026 | Total 122%; BTC 138%; ETH 181%; USDT 101%; USDC 107% | None named | Bitget Proof of Reserves page ↗ | |
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| OKX | Exchange | 11 Aug 2026 | BTC 105%; ETH 103%; USDT 112%; USDC 101% | 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 101.6%; ETH 100.9%; SOL 101.1%; 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.
What the data shows
The charts below redraw the table above as the trends and comparisons a table cannot show.
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. Download CSV · Follow updates (RSS)
