Mazars Releases KuCoin’s Verification PoR Report, Concluded That BTC, ETH, USDT and USDC Reserves Are Overcollateralized
Global leading audit firm Mazars has released a report about KuCoins Proof-of-Reserves to determine the total collateralization ratio of their asset holdings.
- Global leading audit firm Mazars has released a report about KuCoins Proof-of-Reserves to determine the total collateralization ratio of their asset holdings.
- The report prepared by Mazars concluded that KuCoins BTC, ETH, USDT and USDC reserves are overcollateralized, which are 101%, 100%, 102% and 101% respectively.
- Mazars verified KuCoins total reserves and liabilities on Nov. 26.
- Our cooperation with Mazars is just one of the measures to ensure we follow through on that commitment to our users.