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Guide Explains How Kraken Proof of Reserves Works and Its Limitations
(2 hours ago) · 1 source · Summarized by CryptoBipto
An educational article examines how to interpret Kraken's proof of reserves reports and highlights the limitations of such audits. The piece walks readers through what proof of reserves actually demonstrates and what gaps remain in the process.
WHY IT MATTERS
When you deposit money at a crypto exchange, the exchange holds your funds for you, similar to a bank.
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SOURCES
- thedefiant.io
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Proof of ReservesExchange TransparencyKrakenCentralized Exchanges
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Clear explanations of the subjects this article touches, with every term defined.
