Proof of Reserves is an independent audit conducted by Hacken which aims to ensure that on-chain holding of cryptocurrencies by exchanges matches up with users’ balances.
As a self-regulating measure, Proof of Reserves is appealing to regulators and aligns with their overarching vision for the industry.
Boost product adoption by addressing the lack of trust caused by exchanges not holding enough assets to cover customer deposits.
With a Merkle tree hashing method, you give users the power to verify Proof of Reserves audit transparency on their own.
In cooperation with CER.live we’ve been developing and improving Proof of Reserve methodology since 2019.
We provide the highest level of general and internal confidentiality of the exchange database.
All data is secured and stored safely by an ISO 27001:2013 certified tier-1 Web3 cybersecurity auditor.
You'll work with a dedicated team and customer success manager who will help with implementation to improve data security and compliance in your company.
Successful Proof of Reserves audit with Hacken increases the Trust Score of your exchange on CER.live & CoinGecko.
Hacken is trusted by leading cryptocurrency exchanges, blockchain organizations and major Web3 projects.
Proves the adequacy of on-chain funds to cover customer liabilities.
Shows good faith by implementing self-regulatory measures during times of market turbulence.
Meets the increasing demand for assurance regarding digital asset reserves.
Submit the required documentation and get the estimation of the process scope, timeline, and price.
1 - 2 days
On average, it takes from 10 to 15 business days to complete the audit.
All crypto exchanges should do merkle-tree proof-of-reserves. Binance will start to do proof-of-reserves soon. Full transparency.
Booby OngCo-founder, CoinGecko
"Hacken’s work to analyze our recent Proof of Reserves update is a great example of the power of community feedback."
"Hacken has provided mature security audits with a proactive approach, prompt communication and valuable security recommendations. We appreciate our partnership and would recommend collaboration with Hacken to anyone keen to strengthen their code’s resilience."
Harness the power of an effective 4-stage audit methodology valued by industry leaders.
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