TLDR:

KuCoin reserves exceed user funds with BTC and ETH backed at 110%.
USDT and USDC reserves stand at 114% and 112%, confirming full asset coverage.
KuCoin has published uninterrupted PoR reports for 32 straight months.
Hacken audit confirms wallet ownership and verified user balances.

KuCoin has cleared its latest Proof of Reserves audit, reinforcing confidence in its asset backing and operational transparency. 

The audit, conducted by cybersecurity firm Hacken, confirmed that KuCoin’s reserves exceed user deposits for major assets. The exchange has now maintained overcollateralized reserves for 32 consecutive months. This milestone highlights a growing trend in crypto toward routine third-party validation amid tighter regulatory scrutiny. 

With BTC, ETH, USDT, and USDC all showing strong backing, KuCoin positions itself as a stable player in a volatile market.

KuCoin Audit Confirms Full Coverage of User Assets

According to the July 10 update, KuCoin’s assets were reviewed across multiple blockchains, including Ethereum and Solana. 

The audit verified reserve ratios of 110% for BTC and ETH, 114% for USDT, and 112% for USDC, all above the required 100% threshold. These figures reflect KuCoin’s continued efforts to ensure all user deposits are fully backed with no gaps.

Wu Blockchain reported the results via X, noting Hacken’s role in confirming wallet ownership and reserve sufficiency. The audit also covered staking balances and deployed independent algorithms to validate the data.

KuCoin announced that it has passed the latest Proof of Reserves (PoR) audit conducted by blockchain security firm Hacken. As of June 30, 2025, its reserve ratios for BTC, ETH, USDT, and USDC were 110%, 110%, 114%, and 112% respectively, marking 32 consecutive months of…

— Wu Blockchain (@WuBlockchain) July 10, 2025

This marks the 32nd month KuCoin has published Proof of Reserves reports without interruption. Each report reaffirms the exchange’s commitment to transparent asset management. 

The audit process involved oversight of internal balance sheets, use of Merkle tree data, and custom digital verification tools.

KuCoin allows users to verify their funds using a Merkle tree checker on its official page. The consistent monthly reporting serves as a benchmark in a space where many platforms have struggled to prove full collateralization.

Institutional Eyes on Overcollateralization Trends

AlvaApp highlighted that institutional players now track reserve ratios as trust markers in crypto. 

In the wake of major failures like FTX, exchanges with proven reserves attract more serious capital. Hacken’s credibility as a crypto-native auditor gives added weight to KuCoin’s audit results.

The audit confirms that KuCoin is not only meeting but exceeding baseline reserve requirements. This continued performance may influence other exchanges to adopt similar regular audits.

KuCoin plans to deepen user trust through its upcoming $2 billion Trust Project. This initiative will focus on expanded third-party auditing, technical upgrades, and increased asset transparency.

The exchange’s leadership says this direction reflects a long-term push for global crypto adoption through credible practices. The company remains focused on combining user empowerment with advanced security protocols, as reinforced by the latest audit.

The post KuCoin Passes Hacken’s Latest Proof of Reserves Audit With Over 100% Coverage appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 10, 2025 12:14 pm