KRAKEN completes the latest reserves proof to increase the criteria for encryption platform transparency.

We are once again proud of the industry leadership with the latest reserves (POR) completed as of March 31, 2025, including clients of BTC, ETH, SOL, USDC, USDC, and XRP. This strict verification process Check that you have enough assets to fully support the customer balance.. We just do not ask us to trust -we will encourage you to check the custody of your cryptoassets.

If you are new to POR, check what reserves are. Beginner Guide Blog Post.

Our latest POR Bitcoin Preliminary Results: 114.9% application

In the most recent PER we have confirmed that we have. 192,091.25 BTC In our wallet, the customer maintains the total amount 167,188.68 BTC. Because of this, A 114.9%preliminary ratioWe mean that we have almost 15% more bitcoin than owed to the user.

Our PER does not contain spot holding, but also includes margin positions, gift balances and even assets. This overall approach allows you to consider all types of customer exposure. And there are other ways to continue our pores.

What is POR?

POR is an encryption process that can openly prove that Cryptocurrency exchange is full of user assets. Use Kraken Mercle Tree -Apassing data structure that compiles all user balances into a single root hash -The user can check if a specific balance is included without damaging personal information. This helps to confirm that we are not operated at the fountain reserves.

Not all pores are created equally

Many exchanges now provide some forms that they call PER, but our approach is prominent in some main ways.

• Including complete responsibility
  We will not only show our assets, but also release customer debt. Many platforms can omit this important half of the equations, giving you an impression of misunderstandings.
• User level verification tool
  We can independently see if the user contains the balance in the PER process through the Merkle Tree Proofs. This additional transparency builds trust and responsibility.
• Consistent and persistent transparency
  We do not treat POR as a one -time PR movement. As a result of pioneering the process in 2014, we do this everyday so that users have a consistent visibility of how the platform manages funds.

Because “accept our words” is not enough

After some prominent encryption exchange (especially FTX) collapses, customers must demand transparency and responsibility. POR provides a clear and verifiable method that can prove that customer assets are safe and fully explained.

Our high preliminary ratio and user-observation methodology are a direct response to these demands. It is not to say that funds are safe. Almost all failed exchanges promised that customer funds are safe. It is to prove it: encouraged, independently and regularly.

More evidence, more often: moves quarterly

In the future, we promise to release POR quarterly with the previous four -quarter financial results to provide more transparency. In addition, we strive to expand the scope of future pore in order to include a wide range of support assets, further strengthening our efforts on responsibility on the entire platform.

Since 2014, we have been a leader in setting up and raising PER standards for encryption holders who are reliable and pursued for future -oriented exchange.