u.today
Top crypto exchange Kraken has expanded its support for Cardano and XRP users. The crypto exchange, in a recent blog post, announced the addition of new assets BTC, ETH, USDT, USDC, XRP, ADA and DOT to the proof of asset audit.
The Proof of Reserves audit is an accounting procedure that enables clients who hold these assets on the exchange to independently verify that their Kraken balances are indeed backed by real assets secured by the global exchange.
The recently released audit carried out by global accounting firm Armanino LLP determined that Kraken securely held all of the above assets belonging to clients on its exchange, as well as that held in Kraken's industry-leading on-chain and off-chain staking services.
The proof of asset audit for Cardano also covered its staking platform.
Kraken exchange setting the standard with their "Proof of Reserves Audit" - a procedure that cryptographically verifies Crypto holdings and account balances.
— ☀🌸Crypto Eri 205k Followers (beware of imposters) (@sentosumosaba) August 12, 2022
Expanded to include $XRP $USDT $USDC $ADA & $DOThttps://t.co/xBwdNHIcd7
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