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KuCoin Provides Proof of Reserve for User Assets

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KuCoin, the cryptocurrency exchange, has released a third-party report providing proof of reserve for user assets.

KuCoin, the popular cryptocurrency exchange, has recently released a third-party report providing proof of reserve for user assets on its platform. The report shows that all user assets on KuCoin correspond to real reserve funds on the blockchain, providing transparency and security for users.

As of April 30, 2023, the report shows that KuCoin’s Bitcoin reserve rate is 102%, with user assets of 19,495.92282168 and wallet assets of 19,802.40065318.

Ethereum reserve rate is 100%, with user assets of 165,986.0409469 and wallet assets of 166,010.32012687. USDT and USDC reserve rates are both 100% and 101%, respectively, with user and wallet assets for both currencies listed in the report.

[BTEN id="20533"]
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