Mazars, an international audit company, has released a report on the reserves of Crypto.com.
Mazars compared on December 7 the assets at addresses controlled by Crypto.com with customer balances. The funds of users are provided with the corresponding volumes of the asset.
Crypto.com CEO Kris Marszalek has said:
“Proof-of-Reserves is an important step for the entire industry to increase transparency and begin the process of restoring trust. Crypto.com is fully committed to providing customers around the world with a secure, secure and interoperable digital currency experience.”
Binance announced at the end of last month its own Proof-of-Reserves feature, which allows crypto owners to make sure that their funds on the platform are backed by the appropriate volumes of the asset.