The report ranked exchanges by reserves, trading activity, and transparency, with KuCoin scoring 96.7 out of 100.

KuCoin has received the highest proof-of-reserves (PoR) transparency score among major crypto exchanges, according to CryptoQuant’s latest annual Exchange Leader report.

The findings placed the Seychelles-based trading platform ahead of several larger rivals in a category that many traders view as central to assessing exchange solvency.

Report Ranks Exchanges on Reserves and Trading Activity

The report, which reviewed exchange performance across trading volume, reserve disclosures, and derivatives activity during 2025, shows KuCoin earning a PoR transparency…