Open Interest versus PoR

In the past year, the BTC futures market has experienced major changes, with some exchanges experiencing huge growth in open interest. However, the validity of the data supplied by certain entities may be inflated to appear more significant.
Source: Coingecko, Binance, Bitget, OKX, Bybit, Kucoin, Gate, BitMEX,, Phemex, Huobi

Various exchanges have gradually presented Proof of Reserves (PoR) in the last month, with certain exchanges being critiqued for running Agreed-Upon Procedures. Nevertheless, it is still great to see a push toward more transparency by offshore exchanges.

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