Proof of Reserves
PlasBit maintain a 1:1 reserve of all users funds on our platforms, ensuring the security and availability of your crypto assets for trading and withdrawal.
BTC
PlasBit User Asset Holding2,526
PlasBit Wallet Assets2,557
Exchange2,292
Third Party Custody265
ETH
PlasBit User Asset Holding15,498
PlasBit Wallet Assets15,670
Exchange14,123
Third Party Custody1,547
USDT
PlasBit User Asset Holding37,156,741
PlasBit Wallet Assets37,251,021
Exchange36,849,474
Third Party Custody401,547
USDC
PlasBit User Asset Holding3,451,546
PlasBit Wallet Assets3,512,558
Exchange3,132,443
Third Party Custody380,115
TRX
PlasBit User Asset Holding5,265,114
PlasBit Wallet Assets5,392,059
Exchange5,392,059
Disclaimer: Third party custody balances shown above are held at third party custodians. If you have any questions or would like to verify the balances, please contact your third party custodians for verification.
Why is Proof of Reserves important?
What is Proof of Reserves Important?
Proof of reserves (por) ensures that custodians hold sufficient funds to cover all users' assets on their platform and deposit liabilities while remaining solvent.
This cryptographic attestation demonstrates that a crypto exchange holds a specific amount of assets on its blockchain at a particular time, providing transparency of aggregate user balances or the total sum of deposits on the exchange. This is achieved without revealing any sensitive information about individual account balances. Por is a critical component of the crypto ecosystem.
Assets considered reserves are cryptocurrencies offering strong liquidity and market acceptance. PlasBit offers reserve reports for 22 coins, including bitcoin (BTC), Ethereum (ETH), and stablecoins, such as tether (usdt), USD coin (USDC).
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