Cryptocurrency exchange CoinDCX lays bare asset balances

Cryptocurrency exchange CoinDCX on Thursday published its proof of reserves (PoR) in partnership with Nansen, disclosing its on and off-chain asset balances and a complete list of wallet addresses for public viewing.

The move comes amid the fall of global crypto exchange FTX, triggering a debate among the stakeholders, including investors, on more disclosures from the crypto exchanges.

CoinDCX further said that it will post monthly updates on its reserves-to-liability ratio in a bid to disclose to the customers the health of the company’s business and the safety of investments.