CoinDCX issues proof of reserves amid crypto market turmoil

December 19, 2022

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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.

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