- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
KuCoin Confirms BTC, ETH, USDT Backed in 30th PoR
By: bitcoin ethereum news|2025/05/07 00:30:04
0
Share
KuCoin reserves exceed customer assets in BTC, ETH, USDT, and USDC. Independent third-party confirms 1:1 on-chain asset backing. Monthly reports support ongoing transparency and user trust. Global crypto exchange KuCoin released its 30th straight monthly Proof of Reserves (PoR) report, reaffirming its commitment to transparency. The report confirms user assets are fully backed and even held with extra collateral. Consistent Reporting on Asset Backing The May snapshot confirms that the platform holds more digital assets than it owes to users. The data covers Bitcoin, Ethereum, Tether (USDT), and USD Coin (USDC). According to the report, KuCoin held 10,306.77 BTC while user holdings totaled 9,751.17 BTC, resulting in a 106% reserve ratio. Ethereum reserves were even stronger at 116%, with 168,779 ETH backing 145,807 ETH owed to users. Stablecoins showed similar safety margins. The exchange held 1.34 billion USDT in reserves for 1.18 billion in user assets. For USDC, reserves hit 93.42 million against 85.71 million in deposits, representing a 109% reserve ratio. Related: KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative How KuCoin Ensures and Verifies Reserves KuCoin’s PoR process is independently verifiable through Merkle Tree cryptography. This system confirms that the exchange holds customer assets on-chain at or above a 1:1 ratio relative to its liabilities. KuCoin also offers tools that allow users to independently verify their balances and compare them against published on-chain wallet addresses. The Merkle Tree structure compiles and encrypts user asset data, generating a single hash that summarizes all balances. This design prevents tampering and enables transparent, user-level verification of fund ownership and data accuracy. Related: Binance, KuCoin, and Bithumb Lead CEX Token Listings in 2024: Klein Labs Report Building Trust Through Consistent Action KuCoin emphasized that its continuous investment in industry-leading verification systems reflects a long-term commitment to user protection and financial integrity. By publishing detailed PoR reports monthly, the exchange aims to build and maintain trust, especially in an industry still recovering from past transparency failures. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/kucoin-confirms-btc-eth-usdt-backed-in-30th-por/
You may also like
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there
If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin
After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.
Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.
In the next 5 years, Vitalik will scale Ethereum like this
Short-Term vs Long-Term, Execution, Data vs State
Sam Altman and the End of the World Capitalism
The real danger is never AI itself, but those who believe they have the right to define the human destiny.
Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?
Interest rates have remained stubbornly high, posing a challenge to the cryptocurrency bull case.
Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?
What Was the Hottest Topic Among Expats in the Last 24 Hours?
MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene
The global environment is not favorable to us, but in the long run, it may be favorable to us.
Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
March 2 Market Key Events Overview
Why is it said that there are structural opportunities in encrypted AI?
When centralized AI falls into the dilemma of regulation and trust, Crypto + AI will become a structural escape route for safeguarding data and sovereignty in a multipolar world.
Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
The predictive market agents are expected to present early prototypes in early 2026, likely becoming an emerging product form in the field of agents in the following year.
Consumer application issues
The truly outstanding applications will not ask people to "use cryptocurrency," but will provide practical and better solutions to the problems that people already face.
Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish
War is often accompanied by monetary easing, which may also become an important backdrop for driving up risk assets like Bitcoin.
Legendary investor Naval: In the AI era, traditional software engineers have no value?
You can always find a perfect niche that fits you and become a leader in that field.
More absurd than knowing about the war in advance is knowing in advance about the assassination of Soleimani
The temptation of a million dollars cannot be stopped by the calamity of prison.
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there
If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin
After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.
Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.
App