Proof of Reserves
- All Crypto Exchanges should implement a way to prove a 100% coverage of customer assets (Proof of Reserves)
- With the transparecy of blockchains that is the least they should do.
- In addition, an audit can provide a complete picture of the financial situation of an exchange
- With Merkle Tree Proofs users can check if their account balance is included in the latest snapshot
- Starting 2023 blockchaincenter.net will only recommend exchanges that do at least a Proof of Reserves
Current Status of Proof of Reserves
| Exchange | Proof of Reserves | 3rd Party Audit | Merkle Tree Proof | Links |
|---|---|---|---|---|
| /link/kraken/, https://www.blockchaincenter.net/wp-content/uploads/kraken-1-300x78.png, https://www.blockchaincenter.net/wp-content/uploads/kraken-1.png, kraken | ✅ | ✅ | ✅ | Source |
| , https://www.blockchaincenter.net/wp-content/uploads/coinbase-2-300x105.png, https://www.blockchaincenter.net/wp-content/uploads/coinbase-2.png, coinbase | ✅ | ✅ | Source | |
| , https://www.blockchaincenter.net/wp-content/uploads/gateio-300x69.jpg, https://www.blockchaincenter.net/wp-content/uploads/gateio.jpg, Gate Logo | ✅ | ✅ | ✅ | Source |
| /link/binance/, https://www.blockchaincenter.net/wp-content/uploads/binance-1-300x63.png, https://www.blockchaincenter.net/wp-content/uploads/binance-1.png, Binance | ✅ | ❌ | ✅ | Source |
| , https://www.blockchaincenter.net/wp-content/uploads/okx-2-300x107.png, https://www.blockchaincenter.net/wp-content/uploads/okx-2.png, okx | ✅ | ✅ | ✅ | Source |
| https://www.blockchaincenter.net/wp-content/uploads/cryptocom-2-300x78.png, https://www.blockchaincenter.net/wp-content/uploads/cryptocom-2.png, crypto.com Logo, | ✅ | ✅ | ✅ | Source |
| , https://www.blockchaincenter.net/wp-content/uploads/huobi-1-300x76.png, https://www.blockchaincenter.net/wp-content/uploads/huobi-1.png, huobi | ✅ | ✅ | Source | |
| /link/bitfinex/, https://www.blockchaincenter.net/wp-content/uploads/bitfinex-1-300x46.png, https://www.blockchaincenter.net/wp-content/uploads/bitfinex-1.png, bitfinex | ✅ | ❌ | Source | |
| https://www.blockchaincenter.net/wp-content/uploads/kucoin-1-300x84.png, https://www.blockchaincenter.net/wp-content/uploads/kucoin-1.png, kucoin, | ✅ | ✅ | ✅ | Source |
| /link/mexc/, https://www.blockchaincenter.net/wp-content/uploads/mexc-300x57.png, https://www.blockchaincenter.net/wp-content/uploads/mexc.png, mexc | ✅ | ✅ | Source | |
| , https://www.blockchaincenter.net/wp-content/uploads/bybit-1-300x118.png, https://www.blockchaincenter.net/wp-content/uploads/bybit-1.png, bybit | ✅ | ❌ | Source | |
| , https://www.blockchaincenter.net/wp-content/uploads/bitpanda-2.png, https://www.blockchaincenter.net/wp-content/uploads/bitpanda-2.png, bitpanda | ✅ | ✅ | Source |