Kraken ends the latest proof of reserves, raising the CRIPTO platform transparency bar

We are proud to re-confirm our leadership in industry in transparency Our latest proof of reserve (POR), completed 31. Marta 2025, including client houses in BTC, Eth, Sol, USDC, USDT, XRP – and for the first time – Ada. This rigorous verification process confirms that we keep enough funds to fully fully fully the Client Law. We are not looking for you just to trust us – we are looking for you to cryptographically confirm our custody of your cryptosets.

If you are brand new to por, see our What is the proof of reserve? Beginner guide Blog Post.

Our latest reserve result for BitCoin: 114.9% Coverage

In our last pora, we verified to hold on 192,091.25 BTC In our wallets while it is a balanced customer 167,188.68 BTC. This results in a Reserve a ratio of 114.9%Which means we hold almost 15% more bitcoin than we owe to our customers.

Note Our POR does not only include the investment video – also includes margin positions, balancing the future and even standing funds. This holistic approach ensures that all types of customer exposure are considered. And there are other ways of our Methods and further sets the standard industry.

Just what’s Por?

Por is a cryptographic process that allows the exchange of cryptocurnancy to publicly demonstrate that they are fully holding the assets of the user. Kraken used a Merl tree – cryptographic structure of data that compiles all the balance of users in one root hash – Allow users to check that their specific equilibria is included, without compromising personal privacy. The third party, and then checks that the nardain farm of exchanges equal or greater than the total balance sheets. This helps to confirm that we do not work on fractional reserves.

Not all Pori is created equal

Although many exchanges now offer some form of what they call, our approach is highlighted in several key ways:

• Inclusion of full responsibility
  We cannot only show the property – we also discover clients’ obligations. Many platforms omit this key half of the equation, which can give an incorrect impression of solvency.
• User verification tools
  Allowing users to independently check their balance included in the port process over the evidence of wood Merkle. This added transparency is building confidence and responsibility.
• Consistent and continuous transparency
  We do not treat por as a one-time PR exercise. The process was implemented in 2014. years, we run routinely, ensuring that users have consistent visibility in the way the platform manages their means.

Because “take our word for that” not good enough

After collapsing several prominent crypts – especially FTX – clients must require transparency and responsibility. Por provides a clear, a prone way to prove that the property of the client is secure and is fully calculated.

Our high coefficient of reserves and methodology for checking users are direct response to this need. It is not just that the funds are secure – almost every exchanger, which has not ever failed, was that the customer funds were tried. It is about proving: cryptographic, independently and regularly.

More evidence, more often: transition to three-month poro cadence

Looking forward, we dedicate a three-month release of the port, along with our financial results of the previous quarter, in an effort to ensure even more common transparency. In addition, we work to expand the scope of future fields to include a wider range of supported assets, further strengthening our commitment of responsibility on the entire platform.

Since 2014., we have been a leader in setting – and by raising – Por standard for Correct Standards looking for a reliable and forwarding exchange.