Listen, trust is king. And nothing says “trust me” more than showing you’ve got the funds to back up your promises.
That’s where Proof-of-Reserves, or PoR transparency steps in, a fancy way of saying, hey, we actually have your money.
The proof of the pudding
A fresh report from CryptoQuant peels back the curtain on five major players, revealing who’s walking the talk and who’s just blowing smoke. Leading the pack?
Will you be surprised if I say it’s Binance? That giant you either love or love to hate, but Binance consistently keeps its Reserve Ratio above 100%.
What’s that mean? Simple, they’ve got more than enough assets to cover every user’s holdings.
And they don’t just talk the talk, they drop monthly PoR reports like clockwork. It’s like that reliable coworker who always meets deadlines, making you feel safe handing over your project.
Right behind Binance is OKX, another big name showing solid transparency. They also maintain reserves above 100% and keep their monthly reports coming on time.
Sure, their numbers are a bit shy compared to Binance’s, but hey, they’re in the game and playing it straight. Honorable.
Bumpy roads?
Now, Bybit and Kraken? They’re the middle children of this story. Bybit’s Reserve Ratios bounce between 105% and 115%, which is good news.
Plus, they just stepped up their game, moving from bi-monthly to monthly reporting. Progress, guys!
Kraken’s got the reserves too, but they’ve only put out four reports since November 2022.
That’s like showing up to the office once a month and expecting a promotion. Not quite enough to win full trust.
Remember the name
And then there’s Coinbase. The big American name, publicly traded and all that jazz. But guess what? Zero PoR reports. Nada. Zip. CryptoQuant calls this a red flag, and honestly, it’s hard to argue.
When you’re that big, transparency is mandatory. Or should be. It’s like a manager who never checks in on the team but expects results.
So, Binance and OKX are setting the gold standard in Proof-of-Reserves transparency, making users feel secure in a risky market.
Bybit and Kraken are on the right path but need to pick up the pace. Coinbase? They’re in the penalty box, and it’s high time they step up or risk losing trust.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
