Crypto exchange KuCoin has hired international accounting firm Mazars to verify its proof of reserves.
The verification will give exchange clients additional transparency and reporting if their assets are insured. This will include margin and other accounts and will focus on Bitcoin (BTC) and Ether (ETH), USDT and USDC.
The report is expected to be available on KuCoin’s official website in a few weeks.
Wien Olivier, partner at Kucoin, stated “After recent events, there is a dire need in the industry for more transparency, and we are confident that offering Mazars’ PoR services to KuCoin and other international crypto exchanges will help build trust through transparency.”
