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 Holding1,971.00
PlasBit Wallet Assets2,019.00
Exchange1,824.00
Third Party Custody195.00
ETH
PlasBit User Asset Holding12,056.00
PlasBit Wallet Assets12,160.00
Exchange10,770.00
Third Party Custody1,390.00
USDT
PlasBit User Asset Holding29,472,902.00
PlasBit Wallet Assets30,240,896.00
Exchange27,217,298.00
Third Party Custody3,023,598.00
USDC
PlasBit User Asset Holding2,580,402.00
PlasBit Wallet Assets2,636,921.00
Exchange2,365,473.00
Third Party Custody271,448.00
TRX
PlasBit User Asset Holding4,303,980.00
PlasBit Wallet Assets4,512,565.00
Exchange4,512,565.00
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?
![second_right](https://img.plasbit.com/proof-of-reserves/third-vector.png)
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).
![computer](https://img.plasbit.com/proof-of-reserves/computer.png)
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