CoinDCX issues proof of reserves amid crypto market turmoil

December 19, 2022

Share via:

In the midst of the ongoing cryptocurrency market turmoil, crypto exchange CoinDCX has published its full proof of reserves (PoR) with an audited report, claiming that the move would increase transparency among its users.

According to the report, CoinDCX had $157.93 million in crypto assets as of 6 p.m. on December 15, 2022, while its total liabilities were $155.30 million. It should be noted that Binance released proof of reserves for Bitcoin (BTC) holdings last month to demonstrate its ability to cover its users’ assets one-for-one. The PoR is a complete list of wallet addresses as well as an on-chain and off-chain asset and liability balance. PoR is now available for public viewing on CoinDCX.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

WhatsApp rolls out feature to turn off call alerts on Windows beta

Next News

Nykaa sets a new low of INR 159.7 days after Kravis Investment’s bulk sale

Editorial Team

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.