Proof of Reserve Movement Gains Speed: Crypto.com and KuCoin Share Their Reserves

Cryptocurrency exchange Crypto.com and KuCoin shared some of their holdings, joining Binance CEO Changpeng Zhao (CZ)’s call for proof of reserve.

Kris Marszalek, CEO of Crypto.com 11 November on his official social media account in his postannounced that the company has joined the proof-of-reserve movement. CEO in reserves until the full audit report is available. greatest assets reported that they shared cold wallet addresses for some of them.

crypto analytics company nansen Stating that they visualized wallet data in cooperation with the 1:1 proving that it is supported by of the full inspection report announced that it will be published very soon.

At the addresses that Marszalek has announced so far about 3 billion assets close to the dollar. The declared reserves 31% ofapproximately 928 million dollars worth 53,024 Bitcoin (BTC) forming. The largest share of stock market reserves after Bitcoin $591 million worth Shiba Inu (SHIB) covers. Ethereum (ETH) ranks third in the stock market’s reserves. Exchange, $511 million worth To 391,564 Ether has. The company also has a total of $344 million USD Coin (USDC) and Tether (USDT) holding.

On the other hand, KuCoin announced some of its assets on its official website, stating that the full audit report will come in December. of KuCoin 20,504 BTC, 180,299 ETH, 1,075,909,241 USDT, 365,722,839 USDC and To 69,601,075 KCS appeared to have. In addition, KuCoin staked 29.69 Analysts, the market value of KuCoin’s announced total assets is approximately 2.4 billion dollars stated that.


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