CryptoQuant's Annual Exchange Leader Report 2025 has ranked KuCoin as the leading cryptocurrency exchange for transparency. The platform achieved a score of 96.7 (A+), demonstrating exceptional performance in structural transparency, trading, reserves, and proof-of-reserves (PoR) criteria.
KuCoin's transparency is built on several key pillars, including public wallet disclosure, user-level balance verification, consistent monthly reporting, and third-party attestations. The exchange has maintained over 39 consecutive monthly reports, consistently disclosing reserve ratios exceeding 100%.
This leadership in PoR transparency aligns with KuCoin's broader $2 billion Trust Project, an initiative focused on enhancing security, compliance, risk controls, and user asset protection.
BC Wong, CEO of KuCoin, emphasized the critical role of transparency, stating, "Transparency and compliance are foundational to long-term trust in digital asset markets. Structural safeguards... are not optional; they are essential."
Beyond transparency, KuCoin also showed robust growth in its spot and derivatives markets during 2025.