30th Reserve Report: Transparency and Pioneering
News from April 29 reports that an exchange has published its 30th reserve report. The reserve ratios of 22 cryptocurrencies all exceeded 100%. Notably, BTC, ETH, USDT, and USDC have ratios of 104%, 104%, 104%, and 101%, respectively. The total value of these four currencies reached $23,118,098,434.
This exchange is a pioneer in the industry, having achieved over two consecutive years of publishing Proof of Reserve (PoR) certificates. During this period, they have consistently updated PoR monthly. The number of publicly disclosed cryptocurrencies has increased from 3 to 22.
Advanced Technology and Transparency Commitment
The exchange continuously upgrades its PoR system by implementing Merkle tree, full Merkle tree, and zk-STARK technologies. This is a strong commitment to ensuring transparency of user assets.
Important Note
The article provides market information and is not investment advice.
