Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103975
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.99%
Bitcoin Share
Crypto Potato 2025-06-19 03:37:25

Binance, OKX Set Transparency Standard with PoR Reports as Coinbase Lags: CQ

Binance, OKX Set Transparency Standard with PoR Reports as Coinbase Lags: CQ

A new report by CryptoQuant ranks the transparency of five major crypto exchanges based on their proof-of-reserves (PoR) practices. The analysis revealed that Binance is leading, while other players like Bybit, OKX, Kraken, and Coinbase are trailing. The PoR Rankings The survey evaluated each exchange’s reserve ratio, a metric calculated by dividing the net customer balance by the platform’s total balance. Binance ranked first in transparency, consistently maintaining a coverage level above 100% and releasing its PoR reports on a monthly and timely basis. OKX followed closely behind, also reporting a capital backing rate that remains above 100%. However, the figure is slightly below Binance’s. The exchange also publishes its disclosures monthly and without delay. Bybit came in next on the list, with a reserve ratio ranging between 105% and 115%. The platform recently improved its disclosure practices by shifting from bi-monthly to monthly reporting. CryptoQuant gave Kraken the fourth spot, with the exchange maintaining backing figures above 100%. However, it has only published four reports since November 22, 2022, with CQ’s analysis highlighting the need for more regular updates. Coinbase is ranked last, as the exchange has not published any PoR report. Analyst Maartun described this trend as a major shortcoming, especially given the company’s size and market position. Coinbase Fails to Reveal Reserves The CryptoQuant quick take noted that Binance and OKX are currently setting the industry standard due to their strong reserve coverage and consistent, on-time reporting. Despite a few gaps that need to be filled, Bybit and Kraken are also making progress. However, Coinbase stood out as the only exchange among the five reviewed that has yet to offer any PoR data. Proof-of-reserves is a method used by crypto exchanges to show that they hold enough digital assets to cover customer deposits. The transparency measure became popular among institutions after big crypto platforms like FTX and Mt. Gox collapsed, leaving investors unsure whether their funds were safe. Despite growing adoption, the practice has also been criticized by some notable crypto industry figures. Strategy’s Michael Saylor recently called it a “ bad idea .” He argued that disclosing wallet addresses, often part of the PoR process, introduces serious security risks. According to the Bitcoin enthusiast, no professional security team would recommend making wallet structures public. He further claimed that if AI were asked to evaluate the risks posed by the practice, it would produce 50 pages of potential threats. The post Binance, OKX Set Transparency Standard with PoR Reports as Coinbase Lags: CQ appeared first on CryptoPotato .

Most Read News

Moralis Money
Market Cap
24h Vol
63.99%
Bitcoin Share
793
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.