Proof of Reserves: How to Check an Exchange’s Reserves Health

Proof of Reserves (PoR) gives crypto exchange users evidence of the assets an exchange holds and the customer liabilities those assets are intended to cover. On CoinGecko, just 79 of 166 exchanges have verified reserves. This means that users of more than half of these exchanges do not have evidence that the exchange has sufficient reserves to cover its liabilities in the event of mass withdrawals.