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Audit firm Mazars to verify KuCoin's proof of reserves. Mazars, the assets are collateralized, along with details on main, trade, margin. The report prepared by Mazars concluded that KuCoin's BTC, ETH, USDT and USDC reserves are overcollateralized, which are %, %,% and PoR (Proof of Reserves) is a widely used method to prove custody of assets on the blockchain, confirming that KuCoin has the funds that cover all user assets on.

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A Merkle tree is a type of data structure that allows the consolidation of large amounts of data into a single pool. We explain what proof of reserves are as well as how they work. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms.