Crypto.com releases proof-of-reserves data showing client assets are fully backed

Crypto.com released proof-of-reserves data from auditing firm Mazars Group that showed its clients’ assets are fully backed one to one, according to a statement Friday.

The new page shows that Crypto.com has 102% of the Bitcoin (BTC), 101% of the Ethereum (ETH), and 102% of the USD Coin (USDC) needed to process withdrawals.