KuCoin Publishes Fresh Proof-of-Reserves Information Confirming 1:1 On-chain Reserves of all User Assets

KuCoin Publishes Fresh Proof-of-Reserves Information Confirming 1:1 On-chain Reserves of all User Assets

By KuCoin Blog | KuCoin Weekly Review | 13 Jan 2023

KuCoin, the People’s Exchange and your preferred location to find crypto gems, values the safety and security of our users’ assets. In line with our commitment to ensure trust and transparency in our operations, we are proud to announce the publication of our second round of Proof-of-Reserves (PoR) data. Based on data recorded on 30 December 2022 at 23:59:59 UTC, we can confirm that 1:1 on-chain reserves back all our user assets. 

Find out how to verify your KuCoin balance’s Proof-of-Reserves in this article. 

Our second round of PoR as of January 2023 has certified that real assets fully back all our reserves with a reserve ratio of 100% or more. In addition, our users can easily self-verify their own asset data through their accounts independently. 

Learn more about KuCoin’s latest Proof-of-Reserves (PoR) data here. 

Keeping in mind the need to build and support trust and transparency in the crypto industry, KuCoin also commits to continuously investing in this initiative. We assure our community and the overall market that we will keep providing industry-leading verification solutions to secure our users’ assets and drive higher levels of transparency in our operations. 

Our PoR findings reveal that KuCoin has sufficient funds to prove custody of all our users’ assets on blockchains. We have ample funds to cover all our user assets on our books, reassuring them that it is safe to trade and hold crypto on KuCoin. So, what are you waiting for? 

Start trading on KuCoin today by signing up for your account!  

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People's Exchange KuCoin is one of the biggest crypto exchanges worldwide, offering more than 700 tradable crypto assets. Currently, we service over 20 million users in more than 200 countries and regions across 22 languages.

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