India-based cryptocurrency trading platform WazirX It took its place among the exchanges that shared the evidence of reserve with the data it announced today.
In a blog post published today, officials said, “to showcase the transparency of the country in the crypto ecosystem” He openly shared the assets of the exchange, stating that it passed the PoR (Proof-of-Reserve) audit.
WazirX has teamed up with a third-party crypto tracking platform called Coin Gabbar for asset auditing.
Shiba Inu Stands Out in Evidence of Reserve!
According to the announced data, the most important part of the stock market assets is interestingly the meme token Shiba Inu (SHIB). WazirX has $54 million worth of SHIB on its balance sheet. The next assets are bitcoin, Ethereum and dogecoin. About 24% of the crypto exchange’s reserve consists of these three assets.
According to the balance sheet, WazirX has a total of 301 different cryptocurrencies. In terms of stablecoin existence, the stock market Tether (USDT) Although he did not support it, it was remarkable that he made up the majority.
The majority of WazirX reserves are stored in Binance wallets. The exchange’s $257 million worth of crypto assets are stored on Binance, while other platforms hold $26 million.
Rajagopal Menon, one of the directors of the Indian crypto trading platform, made the following statement after the data:
“We reassure our users by disclosing proof of wallet, cryptocurrencies we hold, and independent proof of reserve.”
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