Crypto exchanges with proof of reserves

Exchanges that publish proof of reserves, with how often they update it and who verifies it.

BybitWelcome Gift: up to $100 in bonuses for new usersregular (roughly monthly)HackenOpen ↗

MEXCWelcome rewards advertised up to 10,000 USDT for new usersmonthlyHackenOpen ↗

KuCoinNew-user welcome rewards (USDT and coupons) worth up to 3,200 USDTmonthlyHackenOpen ↗

BitunixFutures bonus up to 10,000 USDT for new registrationsmonthlyHackenOpen ↗

GateWelcome rewards up to 135 USDT for new usersperiodic reports (several per year)Hacken (audit dated 2024-01-03, as shown on the PoR page)Open ↗

PionexUp to 60 USDT in Growth Funds for new usersPublishedElite Partners; MooreOpen ↗

ToobitRegister and get 20 USDT bonusPublishedHackenOpen ↗

OKXCentralized exchangemonthlyzk-STARK (open source), previously Merkle treeOpen ↗

BitgetWelcome pack for new users, advertised up to 6,200 USDTmonthlyMerkle tree (open-source MerkleValidator tool)Open ↗

AsterStage 6 airdrop claims, trading points and referral fee sharingreal-timeon-chainOpen ↗

LighterWeekly points drops and a free Premium trial week via referralreal-timeon-chainOpen ↗

ArcusPerps access via invite code or waitlist, plus Arcus Points (Season 1)real-timeon-chainOpen ↗

BinanceWelcome rewards: up to 100 USD in trading fee rebate vouchersmonthlyMerkle tree + zk-SNARKOpen ↗

BingXCentralized exchangemonthlyMonthly Merkle tree proof of reserves with user self-verification; earlier reports reviewed by Mazars and HackenOpen ↗

HTXTask-based new-user campaigns (June 2026 campaign: 100,000 USDT prize monthlyMerkle tree PoR (user self-verification); monthly disclosuresOpen ↗

Fees and policies from each exchange's own pages; live numbers from exchange APIs.Not investment advice.

Why it matters

Proof of reserves shows that the exchange holds the customer assets it owes. Look for frequent updates, a Merkle-tree check of your own balance and an independent auditor.

Bybit leads this ranking, ahead of MEXC and KuCoin. Rankings use one criterion at a time; compare the leaders on everything else below before you choose.

Compare the leaders

Bybit vs MEXC Bybit vs KuCoin MEXC vs KuCoin

Which crypto exchanges publish proof of reserves?

Right now Bybit ranks first (regular (roughly monthly)), followed by MEXC and KuCoin.

How is this ranking made?

Exchanges that publish proof of reserves, with how often they update it and who verifies it.

Other rankings

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