HomeBitcoinClients Can Now Confirm Kraken’s Bitcoin Reserves

Clients Can Now Confirm Kraken’s Bitcoin Reserves

Kraken prospects can now independently confirm that the bitcoin funds they maintain on the cryptocurrency trade are backed by precise belongings after the agency launched its Proof of Reserves function, enabling a brand new degree of transparency and accountability to emerge within the {industry}.

The function is the product of an unbiased, cryptographic audit of Kraken’s funds carried out by accounting agency Armanino LLP, which verified the quantity of bitcoin the trade holds on behalf of its shoppers with the assistance of Merkle Bushes.



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