Crypto Exchange CoinDCX Shows Assets Worth $124M Under Proof of Reserves

Crypto Exchange CoinDCX Shows Assets Worth $124M Under Proof of Reserves

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Crypto Exchange CoinDCX Shows Assets Worth $124M Under Proof of Reserves

CoinGape8 days ago
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Published on November 24, 2022 13:10 GMT+00:00edited on November 24, 2022 18:31 GMT+00:00

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CoinDCX Proof Of Reserves

On November 24, the cryptocurrency exchange CoinDCX, which is backed by Coinbase, published its proof-of-reserves in cooperation with Nansen. This came amid an increased desire from cryptocurrency investors around the world for exchanges to be transparent about their operations.

All Assets Backed As Per Data

At a glance, the data reveals CoinDCX’s total net worth, as well as its allocation of tokens and protocols, the value of its assets, and its cumulative profit and loss. Tokens such as Bitcoin, Ethereum, Shiba Inu, Matic, and ADA are among its most valuable assets today.

In an official statement, CoinDCX founder, Sumit Gupta also claimed that they will be collaborating with CoinMarketCap to go live with their recently added proof-of-reserves tracker.

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