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# How to check the reserves of the largest crypto exchanges
- URL: https://en.blog.themarfa.name/how-to-check-the-reserves-of-the-largest-crypto-exchanges/
- Published: 2022-12-05T07:05:24.000Z
- Updated: 2022-12-05T07:05:24.000Z
- Description: CoinMarketCap, a popular crypto tracker, has developed a service for monitoring the reserves of centralized crypto exchanges.
- Author: Konstantin Dokuchaev
- Tags: web, CoinMarketCap

[**CoinMarketCap**](https://coinmarketcap.com/), a popular crypto tracker[, has developed a service for monitoring](https://coinmarketcap.com/rankings/exchanges/) the reserves of centralized crypto exchanges. People got the opportunity to check the Proof-of-Reserves (“proof of reserves”) of well-known crypto exchanges. The tracker contains information about the assets of companies and related cryptocurrency wallets. A similar trend appeared after the FTX exchange went bankrupt, and Binance CEO Changpeng Zhao strongly recommended spreading this concept to other platforms. Let's see what its essence is.

### Checking reserves at crypto exchanges

The CoinMarketCap Twitter page posted news about the integration of reserve confirmation. A brief procedure was also attached. According to representatives of the cryptotracker, large auditors were engaged in checking the sources of reserves of crypto exchanges.

![](https://blog.themarfa.name/content/images/2022/12/image-5.png)

The tool shows the following information:

- The total volume of assets.
- List of cryptocurrency wallets, their balance, statistics on cryptocurrencies on them.
- Trading pairs and related statistics.

The information is updated every 5 minutes.