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Bitcoin Exchange KuCoin Releases 30th Proof of Reserve Report! What is the Status of Bitcoin and Ethereum Reserves? Here are the Details
By: cryptosheadlines|2025/05/06 18:15:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Cryptocurrency exchange KuCoin has released its 30th Proof of Reserves report, reinforcing its commitment to transparency and user trust.KuCoin Releases 30th Proof of Reserve Report, Shows Full Asset Backing and OvercollateralizationThe latest statement confirms that the platform’s major digital assets are fully backed and, in many cases, overcollateralized.As of the last audit, KuCoin’s reserves were reported as follows:Bitcoin (BTC): 10,306.78 BTC, 106% supportedEthereum (ETH): 168,779.13 ETH, supported by 116%Tether (USDT): $1.34 billion, 114% supportedUSD Coin (USDC): $93.4 million, 109% supportedThe company said the report was independently verified and aligned with its mission to maintain high standards of asset safety and operational integrity.Proof of Reserve reports have become a key measure of trust for centralized exchanges, especially following the industry’s call for greater financial accountability.KuCoin’s consistent monthly reporting places it among the few exchanges that maintain a long-term public commitment to asset transparency.The report comes amid broader scrutiny across the digital asset sector as both regulators and users increasingly demand verifiable proof of solvency from custody platforms.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link
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