Poloniex proof of reserves shows at least 100% backing for all supported assets
- —Poloniex reports 100%+ reserve coverage for every supported asset
- —Exchange maintains a $100 million Protection Fund
- —Report is framed as a step to rebuild user trust
Why it matters: Reserve transparency is key to exchange credibility after FTX and other collapses, though Poloniex trading volumes were not disclosed in the report.
Source: The Cryptonomist (IT)