Proof of Reserve
Secure and Transparent
100% Reserve has been the bottom line of CoinEx
Latest Audition: --
Latest reserve rate on CoinEx
Coin Total Assets (On-chain) Total Assets (In-site) Reserve rate
My asset snapshot
How to prove Reserves
In centralized trading platforms, user assets are often recorded via the ledger in the database, and how to prove the reserve fund has become a difficult issue. In CoinEx, we use the "Merkle Tree" as an audit method to prove that the platform maintains a 100% reserve rate. This audit methodology requires three key steps for verification:
1. CoinEx uses "Merkle Tree" as a data structure to encrypt user assets and publish the total assets of all users at the same time.
2. CoinEx displays the total assets of all on-chain wallet addresses and wallets held by the platform.
3. By comparing the total assets of all users with the total assets of all on-chain addresses on CoinEx, users can verify the asset reserve rate of CoinEx.
When the total on-chain assets on CoinEx are greater than or equal to the total assets of the user, it proves that CoinEx maintains a 100% reserve rate.
Note: Uncovered assets before the snapshot and asset transactions after the snapshot will not be included in the audition.