KuCoin Partners with Mazars
KuCoin partners with Mazars to conduct third-party proof-of-reserves verification procedures. Mazars is a leading international audit, tax, and advisory firm, to provide a third-party factual findings report.
Mazars will offer KuCoin’s customers and prospective customers additional transparency and reporting on whether their in-scope assets are collateralized. Furthermore, it will provide the details to showcase KuCoin’s proof of reserves and customer liability, respectively. It will also account for customers’ leading, trade, margin, robot, contract accounts, etc. for BTC, ETH, USDT, and USDC.
“As People’s Exchange, we place the safety and security of users’ funds as its top priority. This move is the next step in our efforts to provide transparency on our users’ funds, highlighting our commitment to transparency and strengthening industry trust. KuCoin has been committed to providing users with safe and easy-to-use platforms and products since day one while making continuous progress in user protection, transparency, and risk control. It is a great pleasure to engage Mazars, a leading audit, tax, and advisory firm, to provide users with a safe and credible platform during the turbulent period of the industry and to promote the development of the industry.” — Johnny Lyu, CEO of KuCoin
“After recent events there is a dire need in the industry for additional transparency and we are confident that Mazars’ PoR service offering to KuCoin and other international cryptocurrency exchanges will aid in building trust through transparency,” — Wiehann Olivier, Partner and Digital Asset Lead at Mazars
KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P, fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions.
Mazars, a leading international audit, tax, and advisory firm, provides a third-party factual findings report.