Exchange of digital assets Crypto.com published a proof of reserves study today to support its ability to cover client balances. The Singapore-based platform said in a Friday statement that it used international audit, tax, and advisory firm Mazars to demonstrate the availability and backing of customer balances using “advanced cryptographic procedures.” On Friday, Mazars published the study for Crypto.com. Mazars also stated earlier this week that Binance, the world’s largest cryptocurrency exchange, had enough Bitcoin to cover customer deposits. “It is now simple for our existing users to confirm that Crypto.com has a 1:1 reserve of all customer crypto assets deposited on its platform, and users can confirm the assets in their account are responsibly backed and accessible, both for the Crypto.com App and Crypto.com Exchange,” Crypto.com said in a statement.
