Crypto exchange KuCoin has released its 30th Proof of Reserves (PoR) report, reaffirming its commitment to transparency and complete asset backing for users.
Consistent Reporting on Asset Backing
KuCoin's monthly reports continue to show that the platform holds more digital assets than it owes to users. The latest report was snapshot in May.
Cryptocurrency Reserve Data
According to the report, KuCoin held 10,306.77 BTC while user holdings totaled 9,751.17 BTC, resulting in a reserve ratio of 106%. Ethereum reserves were even stronger, at 116%.
Overall Transparency and User Trust
The exchange also demonstrates high ratios for stablecoins: 1.34 billion USDT in reserves against 1.18 billion in user liabilities. For USDC, reserves reached 93.42 million against 85.71 million in deposits, representing a 109% reserve ratio.
KuCoin's Proof of Reserves reports continue to affirm the platform's transparency and keep users informed about the status of their assets.
