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Now you can independently confirm that the bitcoin and ether balances you maintain on Kraken are backed by actual belongings secured by our international change.
That’s as a result of at present we’re releasing the outcomes of our most up-to-date Proof of Reserves audit, a complicated cryptographic accounting process we goal to conduct semi-annually within the years forward with the assistance of some of the trusted international accounting companies, Armanino LLP.
At Kraken, your safety and security are our high precedence, and our common Proof of Reserves audits will guarantee we’re assembly and exceeding expectations for accountability and transparency.
Certainly, on this audit, accomplished on December 31, our auditor decided Kraken managed the entire bitcoin and ether belonging to shoppers on our change, in addition to all of the bitcoin and ether held in our industry-leading on-chain and off-chain staking providers.
However we want your assist to make sure our Proof of Reserve audits might be maximally impactful. In any case, we are able to solely provide the instruments to confirm your balances – we want you to confirm them.
To confirm your stability:
Register to your Kraken account
Observe this easy 3-step course of to generate a ‘Report ID’ or ‘Merkle Leaf’ particular to your Kraken account and this audit.
Enter this ‘Report ID’ on the web site of our trusted auditor, Armanino.
By following the method above, you’ll have the ability to affirm your bitcoin and ether have been held securely by Kraken on the time of the audit.
In the event you aren’t capable of produce a ‘Report ID’ or ‘Merkle Leaf,’ don’t fear. This implies you didn’t have a bitcoin or ether stability on Kraken on the time of our audit. Relaxation assured, you’ll have the ability to confirm your account balances in future audits. We’re additionally working to develop the variety of belongings that might be coated in future Proof of Reserves audits.
Trying forward, we encourage all shoppers to confirm the outcomes of our audit, and if you happen to encounter hassle with our new instruments, to succeed in out to our 24/7 help group to share suggestions.
In the event you’d prefer to study extra about Proof of Reserves, and the groundbreaking methods it leverages the transparency of public blockchains, we invite you to study extra on our web site.
We sit up for persevering with to steer the {industry} in transparency and setting an instance unmatched in conventional finance.
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