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, 30 are reported without a recorded page, and 42 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
30 venues were mentioned in reporting, but this desk has not recorded the direct page.
Nothing found twice
42 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 | 2026-09-04 | CoinGecko |
| 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 |
| Bitkub | Reported, direct page not recorded | 2025-10-10 | วารสารการเงินธนาคาร |
| BitMEX | Reported, direct page not recorded | 2026-07-23 | TradingView |
| Bitstamp by Robinhood | Reported, direct page not recorded | 2026-09-04 | MEXC |
| BitTrade | Reported, direct page not recorded | 2025-09-25 | CoinGecko |
| Bitvavo | Reported, direct page not recorded | 2025-09-22 | Bitvavo |
| Bullish | Reported, direct page not recorded | 2026-08-20 | Yahoo Finance |
| Bybit EU | Reported, direct page not recorded | 2025-10-09 | CoinGecko |
| BYDFi | Reported, direct page not recorded | 2026-03-12 | Chainwire |
| CoinEx | Reported, direct page not recorded | 2026-04-26 | CoinEx |
| Coinstore | Reported, direct page not recorded | 2026-02-06 | GlobeNewswire |
| CoinTR | Reported, direct page not recorded | 2025-12-16 | Bitget |
| Deribit Spot | Reported, direct page not recorded | 2026-07-09 | CoinGecko |
| Gate US | Reported, direct page not recorded | 2025-09-09 | CoinGecko |
| Hotcoin | Reported, direct page not recorded | 2026-08-03 | newsfilecorp.com |
| KCEX | Reported, direct page not recorded | 2026-09-02 | Disruption Banking |
| LeveX | Reported, direct page not recorded | 2025-11-13 | CoinGecko |
| Luno | Reported, direct page not recorded | 2025-11-20 | The African Exponent |
| Ondo Stocks | Reported, direct page not recorded | 2026-08-16 | Yahoo Finance |
| Ourbit | Reported, direct page not recorded | 2026-09-02 | TradingView |
| Phemex | Reported, direct page not recorded | 2026-04-28 | Phemex |
| Pionex | Reported, direct page not recorded | 2026-09-03 | Traders Union |
| Toobit | Reported, direct page not recorded | 2026-08-25 | markets.businessinsider.com |
| VALR | Reported, direct page not recorded | 2026-07-23 | Binance |
| WEEX | Reported, direct page not recorded | 2026-07-01 | newsfilecorp.com |
| XT.COM | Reported, direct page not recorded | 2026-09-04 | CoinGecko |
| Zoomex | Reported, direct page not recorded | 2026-03-10 | GlobeNewswire |
Nothing found twice
These venue names returned no matching report in either completed check: Azbit, Biconomy.com, Binance US, Bitazza, Bitbank, bitFlyer, BitKan, Bitlo, BitoPro, Bitrue, Bitso, Bittime, BtcTurk | Kripto, BTSE, Byte Exchange, CEX.IO, Coinone, Coins.ph, Deepcoin, DIFX, DigiFinex, GMO Coin Japan, GroveX, HashKey Exchange, HashKey Global, Hibt, Koinpark, Korbit, LBank, Max Maicoin, Niza.io, Nonkyc.io, OKJ, One Trading, OSL Exchange, P2B, SAFEbit, Tokpie, Upbit, Webot, Websea, XBO.com.
This is the strongest search gap on the page. It is still not evidence that the exchange has no reserves or no liabilities.