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.
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.
While talking about …