Major crypto exchanges differ widely in how often they publish proof-of-reserves reports. Bitget, OKX and Bybit report monthly, while Binance reports quarterly and Coinbase uses audited financial statements instead.

What happened

Major crypto exchanges differ widely in how often they publish proof-of-reserves reports. Bitget, OKX and Bybit report monthly, while Binance reports quarterly and Coinbase uses audited financial statements instead.

Confirmed

Global impact / market context

Proof-of-reserves reports let customers check that an exchange holds enough crypto to back customer deposits. Monthly reporting gives the most frequent updates, quarterly is slower, and audits follow traditional accounting rules.

Analyst inference

Crypto exchange failures have made customers demand regular proof that funds exist. Different reporting schedules create different levels of visibility, which can influence where investors feel safer holding crypto.

Analyst inference

What to watch

1. Bitget, OKX and Bybit publish proof-of-reserves reports monthly, the most frequent schedule among these five exchanges. Confirmed
2. Binance could increase its reporting frequency from quarterly to monthly, matching the pace of Bitget, OKX and Bybit. Proposed
3. Coinbase's use of audited financial statements may give investors different comfort than proof-of-reserves reports, because audits follow accounting standards. Analyst inference

Evidence

• x.com