Looking into Proof-of-Reserves of Major Exchanges

November 18, 2022, 8:54AM EST

• 6 min read

Quick Take

  • Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
  • After the fall of FTX, the crypto community has publicly called on for exchanges to provide users with a Proof-of-Reserves
  • Nansen announced that they were working with exchanges to display Proof-of-Reserves 
  • While Proof-of-Reserves does provide some transparency into an exchange’s financial health, it offers no information on the exchange’s liabilities

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here

Source: https://www.theblockresearch.com/rapid-insights-looking-into-proof-of-reserves-of-major-exchanges-188063?utm_source=rss&utm_medium=rss