KuCoin Passes 32nd Proof of Reserves Audit with 110% Reserve Ratios for BTC and ETH

KuCoin, a leading cryptocurrency exchange, has successfully passed its latest Proof of Reserves (PoR) audit conducted by Hacken, a reputable blockchain security firm. This audit, the 32nd in a series of uninterrupted assessments, confirmed that KuCoin's reserves for major assets exceed user deposits, with reserve ratios of 110% for both Bitcoin (BTC) and Ethereum (ETH). Additionally, the audit revealed that KuCoin's reserves for USDT and USDC stand at 114% and 112% respectively, all above the required 100% threshold. These figures underscore KuCoin's commitment to ensuring that all user deposits are fully backed, with no gaps in asset coverage.

The PoR audit process involved a comprehensive review of KuCoin's assets across multiple blockchains, including Ethereum and Solana. Hacken's audit confirmed wallet ownership and verified user balances, using Merkle tree data and custom digital verification tools. This independent verification adds an additional layer of credibility to KuCoin's financial health and operational integrity. The audit also covered staking balances and deployed independent algorithms to validate the data, ensuring the accuracy and reliability of the results.

KuCoin's consistent monthly reporting of PoR serves as a benchmark in the cryptocurrency industry, where many platforms have struggled to prove full collateralization. The exchange allows users to verify their funds using a Merkle tree checker on its official page, further enhancing transparency and user trust. This commitment to transparent asset management has been a key factor in KuCoin's ability to attract serious capital, particularly in the wake of major failures like FTX.

Institutional players are increasingly tracking reserve ratios as trust markers in the cryptocurrency space. KuCoin's proven reserves and Hacken's credibility as a crypto-native auditor give added weight to the exchange's audit results. This continued performance may influence other exchanges to adopt similar regular audits, setting a new standard for the industry. KuCoin plans to deepen user trust through its upcoming $2 billion Trust Project, which will focus on expanded third-party auditing, technical upgrades, and increased asset transparency.

The exchange's leadership emphasizes that this direction reflects a long-term push for global crypto adoption through credible practices. KuCoin remains focused on combining user empowerment with advanced security protocols, as reinforced by the latest audit. This commitment to transparency and security positions KuCoin as a stable player in a volatile market, attracting more serious capital and reinforcing its reputation as a reliable and trustworthy platform for cryptocurrency trading.