KuCoin Proves Solvency Dominance Over Rivals
KuCoin has topped major cryptocurrency exchanges in CryptoQuant's annual Exchange Leader report for its proof-of-reserves transparency, outscoring larger rivals Binance and Coinbase.
The Seychelles-based exchange earned a score of 96.7 out of 100 due to its monthly proof-of-reserves framework, which allows users to verify balances through Merkle-tree inclusion tools, published wallet addresses, and third-party attestations from security firm Hacken.
KuCoin has issued more than 39 consecutive monthly reserve reports, with the most recent dated February 6, 2026. All publicly disclosed reserve ratios exceeded 100%.
Binance received a score of 75.2, reflecting broad wallet disclosures but no full independent audit of its entire balance sheet. Coinbase ranked far behind at 44.3, largely due to its lack of comprehensive wallet address mappings and on-chain verification for customer balances.