FTX The world’s largest cryptocurrency exchange, emphasizing transparency after its collapse Binance CEO CZannounced the Bitcoin and some cryptocurrencies held by Binance.
CZ’s move is another cryptocurrency also followed the stock markets and they also announced their reserves.
Finally, the largest crypto exchange in the USA coinbase India’s largest cryptocurrency exchange powered by CoinDCX announced its reserves through de Nansen.
Looking at CoinDCX’s reserves Other than Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Polygon (MATIC) and Cardano (ADA) Popular cryptocurrencies such as
CoinDCX founder Sumit Gupta, who shared on his Twitter account, “We want to do everything we can to ensure that our users’ money is completely safe at CoinDCX.” said.
“As promised, we publicly share our Evidence of Reserve. Our on-chain and off-chain assets, which include a complete list of wallet addresses, are now public and can be verified with the click of a button.
We did this together with Nansen, who is a leader in this field and publishes the reserves of a number of major exchanges such as Binance, OKX, Kucoin, Huobi, Bybit.”
Stating that they may cooperate with CoinMarketCap on the disclosure of reserves in the near future, Gupta said that the next step for the stock market is to establish a system for which cryptocurrencies should be included in the list.
1/5 Transparency; the currency of trust at @CoinDCX.
I’ve said this a few times in the last few days and saying it again – we want to do everything to ensure users that at CoinDCX, their funds are completely safe.
— Sumit Gupta (CoinDCX) (@smtgpt) November 24, 2022
As it will be remembered, OKX, Kraken, Huobi, Crypto. Famous crypto exchanges such as .com have also announced their proof of reserve.
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