After Binance, crypto exchange CoinDCX publishes Proof of Reserves

The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors

Crypto exchange CoinDCX on Monday released its proof of reserves (PoR). The data showed that the total value of the reserves at the crypto exchange CoinDCX stood at $157.9 million against the total liabilities of $155.2 million as of December 15.

"While the current user sentiment is low key, it's important to share maximum information to users about the safety of their VDAs," Sumit Gupta, co-founder and CEO of CoinDCX, said. CoinDCX was the first Indian crypto exchange to release its proof of reserves on November 24.

This comes weeks after Binance, the largest crypto exchange in the world, shared