KuCoin Confirms 110% BTC, ETH Reserves in 32nd Consecutive Audit

KuCoin, a prominent international cryptocurrency exchange, has announced the successful completion of an independent Proof of Reserves (PoR) audit conducted by Hacken, a leading blockchain security and smart contract audit company. This audit involved a comprehensive set of verification procedures, including Proof of Liabilities, Proof of Ownership, Reserves Verification, and a thorough PoR Assessment across various assets on multiple blockchains. The audit reaffirms KuCoin's long-term commitment to transparency, user confidence, and operational reliability.

The audit confirmed that KuCoin maintains a reserve ratio of 1:1 or higher in all official reserves, marking the 32nd consecutive month of releasing PoR with full collateralization confirmation. This underscores KuCoin's leadership in transparency within the crypto sphere. The findings by the auditors verified that the balances of users holding major cryptocurrencies are fully settled, with no exceptions. The corresponding ratios of verified reserves reported on KuCoin's PoR dashboard as of June 30, 2025, are as follows: BTC at 110%, ETH at 110%, USDT at 114%, and USDC at 112%.

These measures demonstrate KuCoin's adherence to aggressive risk-aversion policies and the highest standards of user security. The assets audited by Hacken included over 30 blockchain ecosystems, such as Ethereum, Solana, zkSync, and TON. Using industry best practices, including cryptographic proof, anonymized balance snapshots, and internally generated self-transfer transactions, Hacken confirmed that KuCoin directly owns and controls all the holdings in its wallets, finding no discrepancies or gaps in its holdings.

“At KuCoin, we believe transparency is the foundation of trust in the crypto ecosystem,” said BC Wong, CEO of KuCoin. “This audit not only validates our dedication to safeguarding user assets but also reflects our broader vision of building a secure and inclusive platform for all. We will continue to prioritize transparency and security as we work toward empowering our users and advancing global digital asset adoption. Asset audits represent a vital starting point for industry self-regulation — a necessary step toward building user confidence and supporting the long-term, sustainable development of the crypto space.”

Looking ahead, KuCoin will focus on enhancing user confidence through its $2 billion Trust Project, a long-term program aimed at strengthening security and infrastructure while providing full transparency to its user base. This initiative will involve ongoing investment in audit-readiness practices, internal controls, and state-of-the-art custodial technology. Additionally, KuCoin offers tools on its Proof of Reserves page, allowing users to independently confirm the assets in their wallets and ensure they are on-chain, further promoting transparency and user empowerment.

KuCoin, founded in 2017, is a pioneer in the digital economy, offering a full range of services powered by innovative blockchain technology and user-centered design. With over 41 million users worldwide, the platform provides solutions in trading, wealth management, payments, research, custody, and AI-linked bots. KuCoin has received numerous awards, including Forbes Best Crypto Apps & Exchanges and Hurun Top 50 Global Unicorns in 2024, highlighting its commitment to transparency, responsibility, technological superiority, and financial onboarding globally.