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Crypto.News examines how often major exchanges publish proof of reserves

Crypto.News compared reserve-reporting cadences at major exchanges, highlighting Bitget's 46th monthly update, a 135% ratio across 19 assets and Merkle verification.

Why it matters

The article argues that report cadence determines how long users wait before a new checkpoint they can inspect, which bears on how much weight any published reserve ratio carries. It is an analytical comparison rather than a disclosure event, and no reserve figures were independently verified in the evidence set.

Key facts

Bitget's September 2026 proof-of-reserves report was the exchange's 46th monthly reserve update.

46Reported by Crypto.News

Bitget's latest total reserve ratio was 135% across 19 covered assets.

135 %Reported by Crypto.News

Bitget has published monthly reserve disclosures since December 2022, totalling 46 updates through September 2026.

46Reported by Crypto.News

Bitget offers open-source Merkle verification so users can check their own balance inclusion.

Reported by Crypto.News

Binance publishes proof-of-reserves reports monthly.

Reported by Crypto.News

OKX and Bybit provide recurring reserve reports that use different verification methods.

Reported by Crypto.News

Kraken uses independent attestations for reserves rather than a recurring report series.

Reported by Crypto.News

Coinbase publishes audited financial statements instead of a retail proof-of-reserves report.

Reported by Crypto.News

What happened

Crypto.News published a review of how often major exchanges publish proof-of-reserves data, arguing that frequency matters because each report is only a snapshot. The outlet said Bitget's September 2026 disclosure was its 46th monthly reserve update, showing a 135% total reserve ratio covering 19 assets, with monthly disclosures dating back to December 2022 and open-source Merkle verification for users. Crypto.News reported that Binance publishes monthly reports, while OKX and Bybit issue recurring reports using different verification methods, and that Kraken relies on independent attestations and Coinbase publishes audited financial statements instead of a retail proof-of-reserves report. The article proposed four questions for judging any exchange's disclosure: report frequency, which user balances are included, how users can verify their own inclusion, and whether a third party reviews the process. No other outlet covered this story in the evidence set, so the characterisation of the other exchanges' methods rests on Crypto.News alone.

How the story developed

  1. First report

    First report by Crypto.News

    How often do major exchanges actually publish proof of reserves?

    Crypto.News

  2. Update

    Crypto.News publishes comparison of exchange proof-of-reserves reporting frequency

    The article sets out four questions for comparing exchange disclosures: report frequency, which user balances are included, how users verify their own inclusion, and whether a third party reviews the process.

    Crypto.News

Affected entities

Also mentioned: United States

Original sources

PublisherReportRolePublished
Crypto.News
Crypto media
How often do major exchanges actually publish proof of reserves?Original