KuCoin Tops CryptoQuant's 2025 Reserve Transparency Rankings
CryptoQuant recently released its “Exchange Leaderboard Report 2025,” providing a comprehensive assessment of structural transparency, trading performance, reserve status, and Proof of Reserves (PoR) standards across major centralized exchanges globally. In this evaluation, KuCoin secured the top position with a score of 96.7 (A+) for its outstanding performance in reserve transparency, setting a new industry benchmark in PoR transparency.
The report employed a quantitative scoring system based on five key dimensions: public wallet disclosure, user balance verification mechanisms, reporting frequency, third-party audits, and data timeliness. KuCoin excelled in all metrics, particularly setting new standards in terms of consistency and verifiability. Its monthly Proof of Reserves reports, based on Merkle tree structures, are independently verified by renowned security firm Hacken. The latest report was released on February 6, 2026, and simultaneously received audit confirmation for that month. To date, KuCoin has consistently updated its monthly PoR reports for 39 consecutive months, maintaining a reserve coverage ratio consistently above 100%.
As the global regulatory environment becomes increasingly stringent, the asset transparency of exchanges has become a critical indicator of their security and risk resilience. KuCoin's achievement is closely linked to its ongoing $2 billion “Trust Program.” This initiative is dedicated to strengthening security architecture, improving compliance systems, enhancing risk control capabilities, and ensuring the security of user assets globally.
In addition to PoR transparency, the report also noted that KuCoin achieved significant growth in spot and derivatives trading volume in 2025, reflecting the effectiveness of its long-term investments in infrastructure development and user services.
Founded in 2017, KuCoin serves over 200 countries and regions worldwide, with over 40 million registered users. The platform offers spot and futures trading for over 1,000 digital assets, institutional-grade wealth management, and Web3 wallet services. Its security system has been certified by SOC 2 Type II and ISO 27001:2022, and it has obtained AUSTRAC registration in Australia and a MiCA license in Austria, continuously building a regulated digital asset ecosystem.
As a leading platform in the industry, KuCoin is driving the crypto industry towards a more trustworthy direction, with transparency, compliance, and security at its core.