KuCoin Surpasses Binance in CryptoQuant Transparency Rankings

KuCoin has taken the top spot in CryptoQuant's Exchange Leader report, outranking larger rivals Binance and Coinbase with a proof-of-reserves transparency score of 96.7 out of 100.

The Seychelles-based exchange earned its high score through a monthly proof-of-reserves framework that allows users to verify balances via 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 Feb. 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.