KuCoin Publishes Proof-of-Reserves Report Confirming 1:1 On-Chain Backing
- —KuCoin confirms 1:1 on-chain backing of user funds
- —Report aims to strengthen user trust and transparency
- —No trading volume figures were disclosed in the report
Why it matters: The disclosure follows an industry trend of regular reserve audits, a key trust factor for users since the collapse of FTX.
Source: Coinfomania