Kraken, a cryptocurrency exchange, has announced the completion of its latest proof of reserves. This independent process, executed by third-party accountants, allows customers to verify that their account balances are fully supported by on-chain assets, as of the snapshot taken on September 30, 2024. These assets are securely held by Kraken and used to support cryptocurrencies. This latest proof covers customer assets worth over $21.5 billion, as well as the most widely held cryptocurrencies on the platform: BTC, ETH, SOL, USDC, USDT, and XRP.
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Kraken: Completes Latest Proof of Reserves, Covering Over $21.5 Billion in Customer Assets
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