The CEO of a prominent cryptocurrency exchange has revealed some of the platform’s reserve assets as a first step towards transparency.
Crypto.com CEO Chris Marzalek To tell Investors can expect the crypto exchange to remain secure and transparent while Crypto.com released a full audit proving its claimed reserve ratio of 1:1.
First, Marzarek shares the exchange’s cold wallet address.
“While reserves audit preparations are underway, we are sharing the cold wallet addresses of some of the top assets on our platform. This is only part of our reserves: approximately 53,024 Combined with BTC, 391,564 ETH, and other assets totaling $3 billion.
In the coming weeks, we will send you a fully audited proof of reserves confirming the full 1:1 reserves of all client assets. You can expect Crypto.com to continue working. [the] It remains a spirit of complete transparency, a steady hand, a safe and secure platform. ”
According to recent data According to blockchain analytics platform Nansen, Crypto.com’s cold wallet portfolio has approximately $2.8 billion worth of assets, 31.54% of which is made up of Bitcoin (BTC), the leading digital asset by market cap. .
Other notable crypto assets include the Meme Token Shiba Inu (SHIB). This accounts for his 20.08% of Ethereum (ETH), the leading smart contract platform, which accounts for his 17.35% of the portfolio.
Stablecoins Tether (USDT) and US Dollar Coin (USDC) accounted for 5.41% and 5.36% respectively, while other altcoins accounted for 20.26% of the exchange’s cold wallet assets.
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