KuCoin Achieves 32nd Consecutive Month of Hacken-Audited Proof of Reserves with Over 100% Coverage

In a significant milestone for transparency in the cryptocurrency industry, KuCoin, a leading global cryptocurrency exchange, has successfully completed its latest Proof of Reserves (PoR) audit, independently conducted by the renowned blockchain security firm Hacken. This marks the 32nd consecutive month that KuCoin has published PoR reports, reinforcing its commitment to user trust and security.

The audit results confirm that KuCoin's holdings not only fully cover but exceed all user liabilities across all in-scope assets, maintaining a reserve ratio of over 100%. This achievement underscores KuCoin's dedication to ensuring that user funds are secure and backed by sufficient reserves, a critical factor in building confidence in the volatile crypto market.

According to the report, KuCoin's reserves for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are backed at an impressive ratio of 110%. This over-collateralization demonstrates the exchange's robust financial health and its proactive approach to risk management, setting a high standard for other platforms in the industry.

The consistent publication of PoR reports since its inception has positioned KuCoin as a pioneer in transparency within the crypto space. By partnering with Hacken, a trusted name in blockchain security, KuCoin ensures that its audits are credible and verifiable, providing users with peace of mind regarding the safety of their assets.

This latest audit comes at a time when trust in cryptocurrency exchanges is more important than ever, following high-profile collapses and security breaches in the industry. KuCoin's ongoing efforts to maintain transparency through regular audits serve as a model for how exchanges can prioritize user protection and accountability.

As KuCoin continues to expand its global presence, this 32nd PoR report reinforces its reputation as a reliable and user-focused platform. The exchange remains committed to upholding the highest standards of security and transparency, ensuring that it remains a trusted choice for millions of crypto traders worldwide.