Kucoin Cryptocurrency Exchange published its 30th Proof of Reserves report. According to the report, all the best cryptocurrencies in the exchange are overollateralized and completely reserved for April 30, 2025.
According to data, Bitcoin reserves are covered at 106%, Ethereum at 116%, USDT at 114%and USDC at 109%. This transparency initiative comes while exchanges are faced with an increased examination of their reserve management practices and in the midst of contradictory allegations concerning Kucoin's real assets.
Detailed Kucoin reserve ratios exceed 100% in all the main assets
Kucoin's most recent proof of reserves of reserves provides a transparent image of exchange assets. He indicates that user deposits are fully covered and have an excess funds in addition to the 100%coverage mandate. Based on the information collected on April 30, 2025, at 23:59:59 UTC + 8, the exchange has assets in its higher wallets than the deposits combined by users in all popular cryptocurrencies.
Kucoin explains that there are 9,751.17 BTC stored in user accounts and a total of 10,306.78 BTC stored in total portfolios in the case of Bitcoin. This is equivalent to a reserve rate of 106%. What exchange has then effectively is nearly 555 BTC more than what has not been deposited by users. With Ethereum, this reserve rate of 116% means that there are 145,807.40 ETH stored by users against the total of 168,779.13 ETH held in portfolios.
Stablecoin reserves are more than fully guaranteed. The USDT is supported at a 114%ratio, with 1.18 billion user assets against wallet assets of 1.34 billion. The USDC is supported at a 109%ratio, with 85.71 million user assets against portfolio of 93.42 million. These statistics show that if all users withdrew simultaneously, Kucoin would have reservations to cover all withdrawals and still have assets.
Contradictory stories on Kucoin's actual reserves
Although a recent report in the proof of Kucoin reserves has shown strong overlords, the exchange has become a victim of misleading accusations concerning real assets on its balance sheets. Since June 2023, Kucoin Bitcoin reserves have decreased by 77.6%, according to the cryptocurrency onchain school. It was at this time that the exchange began to apply the stricter regulations of your customer (KYC).
The analysis company found that Kucoin Bitcoin reserves have gone from around 18,300 BTC to at least 4,100 BTC. This followed the rumors of June 5, 2023 concerning the change of KYC rules and the release of June 28, 2023 of a real system requirement.
Kucoin said the statements are false and opposed the release of what she called “unaccompanied complaints”. They also asked Cryptoffant to be more prudent when publishing information that can affect trust on the market. The exchange claims that its reservations are sufficient, as its reserve period reports show.
Although the procedural proof reports provide an instantaneous assets of an exchange at a specific time, criticism argues that these reports may not give a complete financial film. This included potential liabilities or out -of -chain arrangements.
Cryptopolitan Academy: to come soon – a new way of winning a passive income with DEFI in 2025. Find out more
