CoinSwitch Reports 10% Growth in Crypto Reserves in Latest Proof of Reserves Audit
CoinSwitch, India’s largest cryptocurrency platform, has released its fifth Proof of Reserves (POR) report, showcasing a 10% increase in held assets. The audit, verified by an independent chartered accountancy firm under ICAI standards, confirms the exchange holds sufficient crypto and INR to cover all user redemptions.
The platform’s commitment to transparency continues to strengthen trust among its 20 million users. While the report doesn’t specify particular cryptocurrencies, the growth signals robust health for India’s crypto ecosystem amid increasing institutional adoption.