Cryptocurrency exchange Crypto.com follows Binance in confirming its crypto reserves

Crypto.com CEO Chris Marsalek told members of the cryptocurrency community that the exchange remains safe and will continue to operate honestly. Therefore, as Marsalek emphasized, investors have nothing to worry about.

While the Proof of Reserves audit preparation is underway, we are sharing our cold wallet addresses for some of the top assets on our platform.

This represents only a portion of our reserves: about 53,024 BTC, 391,564 ETH, and combined with other assets for a total of ~US$ 3.0b

— Kris | Crypto.com (@kris) November 11, 2022

«While preparations for the verification of reserves are underway, we are sharing our cold wallet addresses for some digital assets on our platform. This is only a part of our reserves: about 53,024 BTC, 391,564 ETH, and together with other cryptocurrencies, a total of $ 3 billion,» Marsalek wrote on his Twitter page, posting cold wallet addresses in the comments to the post.

According to the latest data from the blockchain analytics platform Nansen, Crypto.com's cold wallet portfolio has assets worth about $ 2.80 billion, 31.54% of which is BTC. Other well-known cryptocurrencies on the exchange’s cold wallets include the Shiba Inu meme token, Tether (USDT) and USD Coin (USDC).

As a reminder, the world’s largest exchange Binance has also recently disclosed details about its reserves. As of November 10, the market value of all digital assets held by Binance is about $ 71 billion. «This list includes only the main tokens in the BTC, ETH, BSC, BNB, and TRX networks. This is not a complete set of data, which will be provided later in a full audited report. Also, as part of Binance’s ongoing commitment to transparency and building trust in the ecosystem, we are sharing details of our hot and cold wallet addresses,» the exchange representatives wrote on the official Binance website.