KuCoin Surges to Top in CryptoQuant's Exchange Transparency Rankings

KuCoin has taken the top spot in CryptoQuant's Exchange Leader report for its proof-of-reserves transparency, outperforming larger rivals like Binance and Coinbase.

The Seychelles-based exchange earned a score of 96.7 out of 100 through its monthly proof-of-reserves framework, which allows users to verify balances via Merkle-tree inclusion tools, published wallet addresses, and third-party attestations from security firm Hacken.

KuCoin has issued over 39 consecutive monthly reserve reports, with the most recent dated February 6, 2026. All publicly disclosed reserve ratios exceeded 100%.

Bybit placed second with a score of 93.2, also backed by regular disclosures and Hacken attestations. Kraken landed in the A tier but scored lower due to its quarterly reporting cycle.