2023-1-17 09:51 |
Proof-of-reserve" is just a way for centralized exchanges to show that they have enough reserves to cover their clients' balances. origin »
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After last week’s FTX debacle, customers who don’t wish to take custody into their own hands should demand far better from their service providers. Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor.
2022-11-14 18:45 | |
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Gate has released a new proof of reserves report, with a total value that reached $11.67 billion and a total reserve ratio reaching as high as 124% across 500 types of assets. On Nov. 3, the crypto exchange released its…
OKX has released its 32nd proof-of-reserves report. As of June 14, the total BTC and USDT holdings held in user wallets have plummeted significantly compared to the previous month’s report. On June 30, the crypto trading platform released its 32nd…
Avalanche has officially integrated Chaos Labs’ Proof-of-Reserves, bringing on-chain verification to assets powering the layer-1 blockchain platform’s decentralized finance ecosystem. In an announcement on June 16, Chaos Labs said Avalanche (AVAX) will leverage the Proof-of-Reserves system to provide transparent verification…
Binance published its updated monthly proof of reserves report for May 2025, showing the exchange’s backed assets remain over 100% for major tokens such as Bitcoin, USDT and Ethereum. On May 8, the leading crypto exchange released the latest update…
OKX’s latest proof-of-reserves report reveals the crypto exchange holds reserves exceeding the number of assets deposited by customers on the platform, specifically for 22 major cryptocurrencies.
Key takeawaysPoR audits are cryptographic verifications used by cryptocurrency exchanges to prove they hold sufficient assets to cover customer deposits.
Record app downloads, millions of users, and new in-app features mark the year of recovery and drive OKX’s success. With millions of new users and an impressive 122% year-over-year rise in app downloads, OKX’s 2024 has been a transformative year…