Rapid Insights: Looking into Proof-of-Reserves of Major Exchanges
Quick Take
- Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
- After the fall of FTX, the crypto community has publicly called on for exchanges to provide users with a Proof-of-Reserves
- Nansen announced that they were working with exchanges to display Proof-of-Reserves
- While Proof-of-Reserves does provide some transparency into an exchange’s financial health, it offers no information on the exchange’s liabilities
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Author: Arnold Toh
