Coinmarketcap Launches Exchange Reserve Tracking Tool

As we all know Coinmarketcap is owned by Binance. Well, CZ just tweeted a new coinmarketcap feature. A dashboard that keeps track of reserves.

At the moment the exchanges being tracked are:

Binance: https://coinmarketcap.com/exchanges/binance

KuCoin: https://coinmarketcap.com/exchanges/kucoin

Bitfinex: https://coinmarketcap.com/exchanges/bitfinex

OKX: https://coinmarketcap.com/exchanges/okx

ByBit: https://coinmarketcap.com/exchanges/bybit

Crypto.com: https://coinmarketcap.com/exchanges/crypto-com-exchange

Huobi: https://coinmarketcap.com/exchanges/huobi

Nice tool, however…. When proof of liabilities? This doesn't mean s*ht if liabilities are larger than the reserves.

Anyway small decent tool. Check it out. I can tell CZ is trying hard to bring some trust back to crypto but this is not nearly enough yet.

Me personally, I think these tools should have existed before. The fact that only now they are being created just shows how these companies care morw about our money than being transparent.