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Crypto.com Holds $558M Worth Of Shiba Inu As Reserve

Crypto.com says  accounts for nearly 20% of its reserve.

While the Proof of Reserves audit preparation is underway, we are sharing our cold wallet addresses for some of the top assets on our platform.

This represents only a portion of our reserves: about 53,024 BTC, 391,564 ETH, and combined with other assets for a total of ~US$ 3.0b

— Kris | Crypto.com (@kris) November 11, 2022

Following the sudden collapse of FTX, the cryptocurrency industry is now feeling the need to become more transparent to build trust among traders. Leading cryptocurrency exchange Crypto.com took a bold step to reveal proof of its cryptocurrency asset reserves publicly. Crypto.com shared its wallet address with blockchain analysis company Nansen to enable the company to create a dashboard of approximately $3 billion in reserve. The exchange holds 53,024 BTC, and 391,564 ETH other than Shiba Inu.

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