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- KuCoin appoints global accounting firm Mazars.
- Mazars will enable verification for KuCoin’s proof of reserves and customer liability reports.
- Binance also hired Mazars to conduct proof-of-reserves operations.
On December 5, one of the world’s largest crypto exchanges, KuCoin announced in a press release that it has appointed international accounting firm, Mazars to deliver a third-party report.
Mazars will enable clarity for KuCoin’s existing and potential customers in their reports about in-scope assets and if they are collateralized. Additionally, the international audit, tax, and advisory firm are also tasked with sharing a detailed report of KuCoin’s proof of reserves and customer liability, alongside users’ main, trade, margin, robot, and contract accounts, etc. for BTC, ETH, USDT, and USDC.