Crypto Exchanges Binance and KuCoin Rent Accounting Agency Mazars By CoinEdition

• KuCoin appoints world accounting agency Mazars.
• Mazars will allow verification for KuCoin’s proof of reserves and buyer legal responsibility studies.
• Binance additionally employed Mazars to conduct proof-of-reserves operations.

On December 5, one of many world’s largest crypto exchanges, KuCoin introduced in a press launch that it has appointed worldwide accounting agency, Mazars to ship a third-party report.

Mazars will allow readability for KuCoin’s present and potential prospects of their studies about in-scope property and if they’re collateralized. Moreover, the worldwide audit, tax, and advisory agency are additionally tasked with sharing an in depth report of KuCoin’s proof of reserves and buyer legal responsibility, alongside customers’ major, commerce, margin, robotic, and contract accounts, and so on. for BTC, ETH, USDT, and USDC.

KuCoin’s CEO, Johny Lyu added,

As Folks’s Alternate, we place the security and safety of customers’ funds as its high most precedence. This transfer is the following step in our efforts to offer transparency on our customers’ funds, highlighting our dedication to transparency and strengthening business belief.”

Lyu additional shared that KuCoin has at all times dedicated to making sure protected and easy-to-use platforms and merchandise for its prospects with continued efforts towards consumer protectio …

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