Crypto exchange KuCoin has released its latest proof-of-reserves snapshot, showing that user assets remain fully backed, with reserve ratios exceeding 100% across major cryptocurrencies.
📊 The 38th #KuCoin Proof-of-Reserves (#PoR) Report has arrived!
🔒 With 1:1 on-chain reserves, your funds remain secure, transparent, and fully accounted for.
Cbeck the full report here: https://t.co/5rItohnS7M pic.twitter.com/PXPVGdNYnJ
— KuCoin (@kucoincom) May 5, 2026
Proof of Reserves (PoR) is a way for crypto platforms to prove they hold enough assets to cover user funds 1:1, using tools like Merkle Trees to verify balances without exposing user data. It improves transparency, but it’s limited; it shows a snapshot in time and often doesn’t include liabilities, so it’s not a full proof of solvency.
RELATED: Proof-of-Reserve 2.0: How Crypto Exchanges Are Proving Solvency in a New Transparency Era
Reserve ratios exceed 100% across major assets
According to the report, Bitcoin reserves stood at 124%, with the platform holding over 10,600 BTC against roughly 8,600 BTC in user balances. Ethereum reserves reached 118%, while stablecoins showed even higher coverage, with USDT at 126% and USDC at 124%.
The figures indicate that KuCoin holds more assets in its wallets than users collectively own on the platform, a structure designed to provide an additional buffer against liquidity risks.
The exchange stated that reserve data is verifiable on-chain and supported by independent third-party audits, with the latest verification completed in April 2026.
Focus on transparency and user verification
KuCoin’s proof-of-reserves system uses a Merkle tree structure, allowing users to independently verify that their balances are included in the total reported assets without exposing sensitive data.
The company said users can check both individual holdings and overall platform reserves at any time, reinforcing transparency following increased scrutiny of centralized exchanges.
Proof of reserves has become a standard across major crypto platforms, aimed at restoring confidence by demonstrating that customer funds are not being misused or undercollateralized. KuCoin added that it will continue periodic disclosures and invest in verification infrastructure to strengthen trust and maintain compliance with evolving industry expectations.
Meanwhile, KuCoin expanded its payments ecosystem through a new partnership with travel-tech provider Yesim, allowing users to purchase eSIM data plans using cryptocurrency across more than 200 destinations.
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