KuCoin has published its 41st Proof-of-Reserves (PoR) report, continuing a recurring transparency exercise the exchange has run since introducing the program. The exchange says the report confirms user funds remain backed at a 1:1 on-chain ratio, meaning reserves held by KuCoin match customer balances on a verifiable, per-asset basis.
Proof-of-Reserves reports have become a standard trust mechanism across major exchanges since the collapse of FTX in 2022 exposed how opaque customer-asset custody could conceal a shortfall. KuCoin has published its reports on a recurring cycle, with this release marking the 41st installment.
What the report covers
The PoR methodology typically relies on a Merkle-tree-based audit that lets individual users verify their own account balances are included in the exchange's total reported reserves, without exposing other customers' account details. KuCoin has directed users to its dedicated Proof-of-Reserves page to review the full report and check their own holdings against the disclosed on-chain figures.
Part of an industry-wide push for transparency
Regular PoR disclosures have become table stakes for exchanges seeking to reassure users and regulators that customer assets are not being commingled with operating capital or used for undisclosed leverage. By maintaining a consistent publishing cadence now in its 41st cycle, KuCoin is positioning the practice as a routine operational commitment rather than a one-off response to market pressure, at a time when exchange solvency remains a recurring point of scrutiny across the industry.
