Customers Can Now Verify Kraken’s Bitcoin Reserves

Customers Can Now Verify Kraken’s Bitcoin Reserves

The company recently passed an independent audit on its bitcoin holdings and has enabled a ‘Proof of Reserves’ feature to its customers.Kraken customers can now independently verify that the bitcoin funds they hold on the cryptocurrency exchange are backed by actual assets after the firm launched its Proof of Reserves feature, enabling a new level of transparency and accountability to emerge in the industry.The feature is the product of an independent, cryptographic audit of Kraken’s funds performed by accounting firm Armanino LLP, which verified the amount of bitcoin the exchange holds on....


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