KuCoin announced the successful completion of its Proof of Reserves audit conducted by Hacken, confirming high reserve ratios for popular cryptocurrencies.
Audit Results for KuCoin
On July 10, 2025, KuCoin announced that it has successfully passed the latest Proof of Reserves audit conducted by Hacken. The audit confirmed reserve ratios exceeding 110% for BTC, ETH, USDT, and USDC. According to the audit results, the reserve coverage was 110% for BTC and ETH, and over 112% for USDT and USDC.
Impact on Investor Trust
The successful audit encourages investor trust in the market, as consistent reserve transparency contributes to industry stability. Community reactions underline KuCoin's commitment to financial strength and user trust.
Long-term Transparency Strategy
These financial results suggest increased institutional trust in KuCoin compared to competitors. Over 30 blockchain networks were involved in the audit, enhancing credibility. Transparency through voluntary audits helps dispel fears related to insolvency rumors.
KuCoin continues to demonstrate its commitment to transparency, fostering greater user trust and strengthening its market position.
