The event has prompted exchanges to begin proactively disclosing data on their assets by publishing their public wallet addresses. This is now widely referred to as ‘proof of assets’. Some venues have gone further still in providing detail on how they are engaging third parties to verify their holdings through procedures such as Merkle tree audits and user asset verification.
Using that data, we have created a **The index takes data disclosed by exchanges on asset holdings and audit procedures, using it to create a clear and simple index comparing and scoring financial transparency across venues.
Read on to find out more about how we've constructed the index and which exchanges appear in our inaugural Top 10.**
What does the index do?**
What goes into the scoring?**
Where does the data come from?**
Asset data covers only blockchains that we support and is not an exhaustive, complete or comprehensive list of actual assets or reserves held by the exchange on behalf of its users or customers. In some cases, hot and cold wallet designations are approximations based on transaction patterns.
How to interpret the index?**
The purpose of this index is to collate information on exchange disclosures and measure them against Hoptrail’s checklist set out above. This is designed to give market participants with both a snapshot on an exchange’s assets (and the quality of those assets) and the extent to which those venues are being transparent.
TOP 10
Our inaugural Solvency Transparency Top 10:**
**** page, where you will see the Top 100 exchanges and DEXs on our AML Leaderboards.
Want to find out more?**
info@hoptrail.io or reach out to us here.