Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT.
*Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and Kraken’s staking platform.
The addition of five more cryptocurrencies expands the verification of Kraken client balance coverage to 63% of the total assets held on Kraken. The firm says it plans to continue including additional assets in future Proof of Reserves audits.
A Proof of Reserve audit is an accounting procedure that cryptographically verifies cryptocurrency holdings and account balances. The results of the most recent audit were again verified by the top-25 global accounting firm, Armanino LLP.
This latest audit determined Krake ..
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