CRYPTOCURRENCY EXCHANGE PROOF OF RESERVES UPDATE LIST 15th of November , 2022
Amid the recent events on big cryptocurrency exchanger such as FTX and CELSIUS Exchange declaration of bankruptcy, other top cryptocurrency exchanger are now showing proof of reserves for investors perusal. Find below a comprehensive list and latest update for cryptocurrency exchangers proof of reserves for Binance, Kucoin, Gate.io, Kraken, Okx, Bitfinex and Huobi exchange.
There are various ways bitcoin or Cryptocurrency Exchange can show asset transparency on investments. One major method is by employing a simple Merkle Tree reserve certificate for their Proof of Reserves. A merkle tree is also known as a hash tree. This is a tree data structure where each non-leaf node is a hash of it's child node. Hence it maintain data integrity. It could be used to check for inconsistency in the blockchain network.
Find below the top Cryptocurrency Exchange Proof of Reserves
| S/No | Cryptocurrency Exchange |
Proof of reserve Links |
| 1. | Binance |
1. Website Declaration of Proof of Reserves 2. Merkle Tree proof of Reserves by Mazar ( 22nd November, 2022) |
| 2. | Kucoin | 1. Proof of Reserves (November 26, 2022) by Mazar (Merkle Tree report) |
| 3. | Kraken | 1. Website Sophisticated Cryptographic Method 2. Merkle Tree Proof of Reserves on website |
| 4. | OKX | 1. Website Proof of Reserves audit using Merkle Tree |
| 5. | Gate.io | 1. Website Declaration of Proof of Reserves 2. Third party (Trust explorer) Proof of Reserves link |
| 6. | Huobi | 1. Website Declaration with Detailed Proof of Reserves | 7. | Bitfinex | 1. GitHub Declaration with Detailed Proof of Reserves |
Please check back later for latest update and information regarding top Cryptocurrency Exchange proof of reserves for investors scrutiny.
In a related story, COIN MARKET CAP has created a proof of reserves trackers for top seven crypto exchange. You can check the latest update and data here Using this link to Coin Market Cap Website