Frequently asked questions

• Proof of reserves

  Is an independent audit conducted by a third party that seeks to ensure that a custodian holds the assets it claims to on behalf of its clients.

• Rate of proofed volume

  Is a metric that shows the percentage of the trading volume in audited currencies. Only pairs where base and quote currency are audited are included. Formula: Audited trading volume = (The trading volume of audited assets )/(Total trading volume).

• Total balance

  Total exchange balance calculated in USD. Data from https://www.nansen.ai/ and https://crystalblockchain.com/.

• Audited balance

  The balance of audited assets.

• Audited assets

  Number of audited assets.

• Assets liabilities

  The balance liabilities of the exchange to its users.

• Merkle proof

  A method that gives users the possibility to verify Proof of Reserves audit transparency on their own.