India’s CoinDCX crypto exchange publishes proof of reserves

Please fol­low and like us:
Pin Share

Cryp­tocur­ren­cy exchange CoinD­CX, India’s first cryp­to uni­corn, pub­lished its proof of reserves on Thursday.

See relat­ed arti­cle: Indi­an cryp­to exchange Coin­Switch says proof of reserves shows suf­fi­cient reserves to match clients’ stake

Fast facts

  • CoinDCX’s on-chain and off-chain assets are now acces­si­ble to the pub­lic with a com­plete list of wal­let address­es, the com­pa­ny said in a state­ment emailed to Forkast
  • CoinD­CX plans to post month­ly updates on its reserves-to-lia­bil­i­ty ratio. 
  • The exchange has main­tained a user-lia­bil­i­ty to assets ratio greater than 1:1, Sum­it Gup­ta, co-founder of CoinD­CX, said in the statement. 
  • CoinD­CX, val­ued at US$2.15 bil­lion after a fund­ing round in April, is backed by investors includ­ing Pan­tera Cap­i­tal, Stead­view Cap­i­tal, Kingsway, Poly­chain Cap­i­tal, B Cap­i­tal Group, Bain Cap­i­tal Ven­tures, Caden­za, Drap­er Drag­on, Repub­lic, Kin­dred, and Coin­base Ventures.
  • See relat­ed arti­cle: Coin­Mar­ket­Cap launch­es proof-of-reserve track­er for cryp­to exchanges

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.