Proof of Reserves
Third-Party Report: The independent third-party institution certifies that there are 1:1 on-chain reserves for all user assets.
Independent Periodic Verification: Users can verify their own asset data.
Continuous Investment: KuCoin always provides industry-leading verification solutions to protect asset security and provide further transparency.
KuCoin Reserve Ratio
Based on data at 2024/10/31 23:59:59 UTC+8.
BTC Reserve Ratio114%KuCoin User Assets
11,138.597473
KuCoin Wallet Assets
12,704.56549699
ETH Reserve Ratio131%KuCoin User Assets
116,367.09445852
KuCoin Wallet Assets
152,989.87817002
USDT Reserve Ratio100%KuCoin User Assets
1,011,449,702.26668719
KuCoin Wallet Assets
1,012,018,879.15355653
USDC Reserve Ratio115%KuCoin User Assets
49,147,367.31878597
KuCoin Wallet Assets
56,481,234.07114141
Verify Account Assets
User assets registered before the last time of verification are included in the total assets.
Independent Third Party Verification
Last Time of Snapshot: 2022/11/26 UTC+8
Provided by an independent third-party institution.
Periodic Proof of Reserves
Last Time of Snapshot: 2024/10/31 UTC+8
What is PoR (Proof of Reserves)?
PoR is a widely used method to prove custody of assets on the blockchain. This means that KuCoin has the funds that cover all user assets on our books.
Principle of PoR
The Merkle tree data structure is used to generate and securely encrypt user asset data into a single hash, which serves as a "summary" of all inputted data. The tamper-proof and traceable characteristics of Merkle tree data enables users to easily verify data reliability.
Users can verify ownership of on-chain wallet addresses and the total amount of wallet assets.
Users can also verify the platform's asset reserves by comparing the total assets of the exchange users with the total assets in the published on-chain wallet addresses.
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2024-11-26 17:18:42 (UTC+8)
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