Proof-of-Reserve is the choice that a number of cryptocurrency exchanges have now moved to restore faith in CEXes 💪 Let's name some of these projects 👇
The exchange's main wallets now hold more than 204,000 BTC and 1.22 million ETH — making it among the largest holders for both.Despite rumors that the exchange was insolvent, Huobi became one of the first exchanges to provide a full Merkle Tree Proof of Reserves audit.
It also recently guaranteed the security of user assets and promised not to restrict user withdrawals.OKX has not yet provided a full proof of reserves, but it did provide a list of 23 Bitcoin addresses and 13 Ethereum addresses containing 69,000 BTC and $2 billion in ETH/ERC20 tokens respectively. Deribit, a cryptocurrency options exchange, became one of the first crypto derivatives trading platforms to provide Proof of Reserves.
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