KuCoin Completes 32nd Consecutive Proof of Reserves Audit

KuCoin, a prominent global cryptocurrency exchange, has recently completed a comprehensive audit of its reserves, conducted by Hacken, a renowned blockchain security firm. The audit, announced on July 10, confirmed that KuCoin holds more than sufficient assets to cover all customer funds, demonstrating the company's commitment to transparency and user protection. This move is aimed at bolstering trust and safety within the cryptocurrency ecosystem.

The audit covered over 30 blockchain networks, including major platforms such as Ethereum (ETH), Solana (SOL), TON, and zkSync. The results indicated that KuCoin maintains a strong financial position with reserve ratios exceeding one to one for major cryptocurrencies like Bitcoin (BTC), Ethereum, USDT, and USDC as of the end of June 2025. This audit is the 32nd consecutive month that KuCoin has shared such transparency reports, underscoring its long-standing commitment to openness and the protection of customer assets.

Hacken's audit verified that KuCoin controls all the wallets and funds examined, following rigorous technical procedures to ensure accuracy and security. The auditors found no missing funds or issues, confirming that KuCoin's systems are functioning correctly. This consistent transparency and financial health are part of KuCoin's broader Trust Project, which aims to enhance platform security and openness. The project includes stronger security tools, improved systems, and easier access for users to verify their assets on the blockchain.

KuCoin's ongoing commitment to transparency and financial stability is evident in its ability to maintain over 100% collateralization for an extended period. This proactive approach to risk management ensures that the platform can meet its obligations even in adverse market conditions, protecting users' funds and maintaining financial stability. The successful completion of the 32nd consecutive Proof of Reserves audit is a significant milestone, reinforcing KuCoin's position as a reliable and trustworthy platform for cryptocurrency trading.

KuCoin's Trust Project, a long-term initiative, focuses on enhancing security, transparency, and self-verifiability. Users can now verify the exchange’s reserves directly on-chain through tools available on the platform’s Proof of Reserves page. This initiative is part of KuCoin’s broader vision of building a secure and inclusive platform for all users. The company continues to set industry benchmarks through independent auditing, on-chain verification, and proactive security investments, reinforcing its reputation as one of the most user-focused platforms in the industry.