The People’s Exchange KuCoin is committed to protecting the safety of all our users’ funds. Catering to a global community of over 200 countries, we prioritize securing our users’ funds to build their trust in the crypto industry. 

Here are some key actions we undertake for this purpose: 

Merkle Tree of Our Proof-of-Reserves

As we have stated recently, we are compiling our Merkle-tree proof-of-reserves with the help of our third-party auditor Armanino LLP. We expect the renowned audit firm to take about one month to perform and conclude the audit. Following this process, we plan to publish our proof-of-reserves by early December. 

Overview of Our Holdings in Hot and Cold Wallets

Holding high the ethos of transparency and our commitment to it, we are pleased to share the details of our hot and cold wallet addresses with our users and the general public. We have strived to design transparency into the fabric of KuCoin right from the beginning and continue to offer the same level of openness toward building a stronger bond of trust and faith.

With this in mind, the following is an overview of the current holdings in our hot and cold wallet addresses: 

1. BTC  ( 20,504 BTC) 
2. ETH  ( 180, 299 ETH) 
3. USDT  ( 1,075,909,241 USDT) 
4. USDC ( 365,722,839 USDC)
5. KCS    (69,601,075 KCS

Snapshot of Our Holdings in Major Tokens

Click here to access a snapshot of our holdings in the major tokens on BTC, ETH, TRX, KCC, ALGO, ABR, OPT, and EOS. 

This snapshot was taken on November 11, 2022, at 07:00:00 UTC and is not a complete representation of all our holdings. The audit report we plan to share with you in the coming weeks will offer more details about our current holdings.

In addition to the information shared above, we are also staking 29,696 ETH on Ethereum PoS nodes, with each node holding 32 ETH on their addresses. We cannot disclose each of these addresses due to the extremely high number of nodes. 

We are the top altcoin exchange in the crypto market, listing more than 700 tradable tokens. We have always been and will continue to be committed to winning our users’ trust and building more transparent operations. 

Please give us time to prepare and audit our various wallets. We will continue to release the information as we process them. 

We urge you to follow us on social media to access all our latest updates. 

If you are a KuCoin user facing any issue with withdrawal, please get in touch with our 24-hour customer support directly or email us at  [email protected]  for a quick resolution of your concerns.