Some of the largest cryptocurrency exchanges have announced their intention to publish data on the availability of their reserves on a regular basis after the collapse of US platform FTX.
They made this decision in an attempt to remain attractive, as investors will have this way more information about the platforms and their liquidity.
Crypto.com reported last Friday that the company’s financial position is excellent, and it is able to fulfill all obligations to users. In addition to Bitcoin, Ether and USDC, the structure of its reserve portfolio includes Dogecoin, XRP, Shiba Inu and others.
The information about the reserves, which have been audited by Mazars Group, is as of December 7.
Despite its “excellent” situation, the company has also been forced to reduce the number of employees in order to optimize costs in the light of the market crash.