Exchange transparency
The Disclosure Gap
No link is not one answer. It is three different problems.
Across 88 venues, 16 have a direct disclosure recorded, 24 are reported without a recorded page, and 48 returned nothing in two completed checks.
Four answers, not one blank.
A missing direct page can mean the check was not completed, two searches found nothing, or a report exists but the page itself was not located.
Direct page recorded
16 venues have a dated disclosure entry.
Reported, no page recorded
24 venues were mentioned in reporting, but this desk has not recorded the direct page.
Nothing found twice
48 venues returned no matching public report in two separate checks.
Not searched
0 venues did not complete both checks. They are not called quiet.
“Reported” is not “verified.” “Nothing found” is not “nothing exists.” The state tells the reader what the desk can prove today.
Reported, but the direct page is still missing
These reports are leads for the next check. They do not become a reserve page and they do not prove solvency.
Swipe the table, or focus it and use the arrow keys.
| Exchange | Current state | Report date | Reported by |
|---|---|---|---|
| Backpack Exchange | Reported, direct page not recorded | 2026-09-30 | Traders Union |
| BingX | Reported, direct page not recorded | 2026-07-29 | PR Newswire |
| Bit2Me | Reported, direct page not recorded | 2026-07-02 | Bit2Me |
| Bithumb | Reported, direct page not recorded | 2026-02-09 | The Korea Herald |
| BitMEX | Reported, direct page not recorded | 2026-07-24 | FF News |
| Bitrue | Reported, direct page not recorded | 2026-06-15 | وزارت صحت عامه |
| Bitvavo | Reported, direct page not recorded | 2026-06-25 | Bitvavo |
| Bullish | Reported, direct page not recorded | 2025-11-14 | SiliconANGLE |
| Bybit EU | Reported, direct page not recorded | 2026-02-27 | PR Newswire |
| BYDFi | Reported, direct page not recorded | 2025-10-11 | The Source Magazine |
| CoinEx | Reported, direct page not recorded | 2026-02-26 | CoinEx |
| Coins.ph | Reported, direct page not recorded | 2026-09-30 | BitPinas |
| Deribit Spot | Reported, direct page not recorded | 2026-07-09 | CoinGecko |
| Hotcoin | Reported, direct page not recorded | 2026-09-25 | Traders Union |
| LBank | Reported, direct page not recorded | 2025-10-22 | BeInCrypto |
| LeveX | Reported, direct page not recorded | 2026-09-04 | CoinGecko |
| Ondo Stocks | Reported, direct page not recorded | 2026-08-16 | Yahoo Finance |
| Ourbit | Reported, direct page not recorded | 2026-05-19 | Chainwire |
| Phemex | Reported, direct page not recorded | 2026-04-02 | EQS News |
| Toobit | Reported, direct page not recorded | 2026-02-05 | GlobeNewswire |
| Upbit | Reported, direct page not recorded | 2026-08-19 | The Crypto Basic |
| VALR | Reported, direct page not recorded | 2026-07-25 | Binance |
| WEEX | Reported, direct page not recorded | 2026-10-06 | BeInCrypto |
| Zoomex | Reported, direct page not recorded | 2026-08-27 | markets.businessinsider.com |
Nothing found twice
These venue names returned no matching report in either completed check: Azbit, Biconomy.com, Binance US, Bitazza, Bitbank, bitFlyer, BitKan, Bitkub, Bitlo, BitoPro, Bitso, Bitstamp by Robinhood, Bittime, BitTrade, BtcTurk | Kripto, BTSE, Byte Exchange, CEX.IO, Coinone, Coinstore, CoinTR, Deepcoin, DIFX, DigiFinex, Gate US, GMO Coin Japan, GroveX, HashKey Exchange, HashKey Global, Hibt, KCEX, Koinpark, Korbit, Luno, Max Maicoin, Niza.io, Nonkyc.io, OKJ, One Trading, OSL Exchange, P2B, Pionex, SAFEbit, Tokpie, Webot, Websea, XBO.com, XT.COM.
This is the strongest search gap on the page. It is still not evidence that the exchange has no reserves or no liabilities.