
After successfully integrating blockchain data for the Proof-of-Reserve reports of CoinDCX, CoinGabbar is proud to announce that we have integrated Proof-of-Reserve reports for SunCrypto, a leading cryptocurrency exchange in India.
Transparency and trust are the two core pillars on which a centralized crypto exchange lays its foundation. However, the recent market conditions have terribly impacted both aspects and shaken the crypto industry to the core. At this time when the FUD in the markets is soaring, there is a dire need for transparency in the operations of exchanges to incite the required trust in their community.
To achieve this, leading crypto exchanges are coming forward and making their reserves public. Along the lines of these scenarios, SunCrypto, a leading crypto exchange in India has come forward with CoinGabbar to release its Proof-of-Reserve reports. CoinGabbar has worked diligently with team SunCrypto to integrate their blockchain and make their proof-of-reserves public on our platform. You can go through the entire proof-of-reserves of SunCrypto by clicking here.
Umesh, CEO of SunCrypto made the official declaration by sharing the POR and Proof-of-Liabilities reports via his Twitter handle. Umesh also shared the audit certificate with the statutory auditor as Proof of Reserve and users' liabilities. He also thanked CA Sourabh Agrawal, Co-Founder, CoinGabbar, for all the support and efforts of Team CoinGabbar in making it possible for SunCrypto to release their POR. You can read more about the release in this blog. ...Read More