Our latest Proof of Reserves covered the most widely held cryptocurrencies on the platform: BTC, ETH, SOL, USDC, USDT, and XRP. It included the spot positions, open margin positions, futures balances and on-chain staked amounts of eligible assets (ETH and SOL). In total, this most recent attestation – which became available on Kraken on November 1, 2024 – covered a value of over $21.5 billion of client assets.
We pioneered the Proof of Reserves process in 2014 and we have committed to undertaking it regularly since January 2022.
Why does this matter?
Proof of Reserves includes an independent third party attestation to prove we back client account holdings with in-kind, fully reserved assets. Clients who held balances as of the snapshot date for the supported assets can personally verify their balances are backed with on-chain assets by logging in to t ..
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