Kraken, a cryptocurrency platform, recently completed its 2024 Proof of Reserves, an independent verification process. This process is carried out by a third-party accountant to ensure clients can confirm that their account balances are fully backed by onchain assets. The most recent attestation, which was made available on November 1, 2024, covers a total value of over $21.5 billion in various cryptocurrencies.
This is an important process for Kraken, as it allows users to know that their assets are secure and properly managed by the platform.
