Cryptocurrency exchange Kraken has announced the completion of its 2024 Proof of Reserves, which provides independent verification that client account balances are backed by onchain assets. The attestation, conducted by a third-party accountant, covers a total value of over $21.5 billion in client assets, including popular cryptocurrencies like BTC, ETH, SOL, USDC, USDT, and XRP. The Proof of Reserves includes details on client liabilities, a method for clients to verify their account balances, and an attestation confirming Kraken's control over the onchain assets. To ensure authenticity, Kraken has engaged a registered CPA firm to attest to its control over the wallets holding client balances.



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