KuCoin Confirms BTC, ETH, USDT Backed in 30th PoR

By: bitcoin ethereum news|2025/05/07 00:30:04
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KuCoin reserves exceed customer assets in BTC, ETH, USDT, and USDC. Independent third-party confirms 1:1 on-chain asset backing. Monthly reports support ongoing transparency and user trust. Global crypto exchange KuCoin released its 30th straight monthly Proof of Reserves (PoR) report, reaffirming its commitment to transparency. The report confirms user assets are fully backed and even held with extra collateral. Consistent Reporting on Asset Backing The May snapshot confirms that the platform holds more digital assets than it owes to users. The data covers Bitcoin, Ethereum, Tether (USDT), and USD Coin (USDC). According to the report, KuCoin held 10,306.77 BTC while user holdings totaled 9,751.17 BTC, resulting in a 106% reserve ratio. Ethereum reserves were even stronger at 116%, with 168,779 ETH backing 145,807 ETH owed to users. Stablecoins showed similar safety margins. The exchange held 1.34 billion USDT in reserves for 1.18 billion in user assets. For USDC, reserves hit 93.42 million against 85.71 million in deposits, representing a 109% reserve ratio. Related: KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative How KuCoin Ensures and Verifies Reserves KuCoin’s PoR process is independently verifiable through Merkle Tree cryptography. This system confirms that the exchange holds customer assets on-chain at or above a 1:1 ratio relative to its liabilities. KuCoin also offers tools that allow users to independently verify their balances and compare them against published on-chain wallet addresses. The Merkle Tree structure compiles and encrypts user asset data, generating a single hash that summarizes all balances. This design prevents tampering and enables transparent, user-level verification of fund ownership and data accuracy. Related: Binance, KuCoin, and Bithumb Lead CEX Token Listings in 2024: Klein Labs Report Building Trust Through Consistent Action KuCoin emphasized that its continuous investment in industry-leading verification systems reflects a long-term commitment to user protection and financial integrity. By publishing detailed PoR reports monthly, the exchange aims to build and maintain trust, especially in an industry still recovering from past transparency failures. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/kucoin-confirms-btc-eth-usdt-backed-in-30th-por/

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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