CoinDCX releases its Proof of Reserve & Liability Report for January - March 2023

Bangalore, 28 April, 2023: CoinDCX, India's leading and most valued crypto company, is proud to release Proof of Reserve (PoR) report for January to March 2023 (extracted as on March 24, 2023). In December 2022, as a pioneering effort, CoinDCX had published the list of on-chain and off-chain asset balances as part of PoR. As part of its commitment to transparency and consumer protection, the company has now released a complete list of wallet addresses for public viewing and verification. This move aims to make it easier for customers to verify that the balances they hold are backed by real assets.

The regular quarterly reports will be a step further in instilling confidence among users, as it will provide complete visibility of assets and liabilities. The PoR is launched with the help of the services of a third-party statutory auditor. It reflects CoinDCX's unwavering commitment to its customers and the safety of their funds.

Sumit Gupta, CEO and Co-founder at CoinDCX said, "Transparency is at the core of our business and we take great pride in making our exchange safe and secure. Leading up to that promise, we are proud to present our second quarterly Proof of Reserve report. This report has been published with an aim to simplify accessibility of the digital asset for the masses. We will continue to publish quarterly reports along with token information and will stay committed to introducing industry best practices towards safety of the funds of customers and transparency.”

CoinDCX will keep publishing their quarterly Proof of Reserves report along with token information and 7M framework, to ensure education about the space goes hand in hand with the innovative features within the CoinDCX ecosystem.