Proof of Reserves
PlasBit maintain a 1:1 reserve of all users funds on our platforms, ensuring the security and availability of your crypto assets for trading and withdrawal.
BTC
PlasBit User Asset Holding2,273
PlasBit Wallet Assets2,301
Exchange2,081
Third Party Custody220
ETH
PlasBit User Asset Holding13,948
PlasBit Wallet Assets14,039
Exchange12,633
Third Party Custody1,406
USDT
PlasBit User Asset Holding33,449,564
PlasBit Wallet Assets33,510,658
Exchange33,129,058
Third Party Custody381,600
USDC
PlasBit User Asset Holding3,140,906
PlasBit Wallet Assets3,198,214
Exchange2,878,046
Third Party Custody320,168
TRX
PlasBit User Asset Holding4,843,904
PlasBit Wallet Assets4,931,547
Exchange4,931,547
Disclaimer: Third party custody balances shown above are held at third party custodians. If you have any questions or would like to verify the balances, please contact your third party custodians for verification.
Why is Proof of Reserves important?
What is Proof of Reserves Important?
Proof of reserves (por) ensures that custodians hold sufficient funds to cover all users' assets on their platform and deposit liabilities while remaining solvent.
This cryptographic attestation demonstrates that a crypto exchange holds a specific amount of assets on its blockchain at a particular time, providing transparency of aggregate user balances or the total sum of deposits on the exchange. This is achieved without revealing any sensitive information about individual account balances. Por is a critical component of the crypto ecosystem.
Assets considered reserves are cryptocurrencies offering strong liquidity and market acceptance. PlasBit offers reserve reports for 22 coins, including bitcoin (BTC), Ethereum (ETH), and stablecoins, such as tether (usdt), USD coin (USDC).
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