Cryptocurrency exchanges worldwide have continued to release their Proof of Reserves (PoR) following the collapse of FTX. In a recent development, India’s leading cryptocurrency exchange, WazirX, joined other exchanges to release its Proof of Reserve, which shows a reserve-to-liability ratio of 1:1. 

Local news outlet Business Standard reports today that WazirX has a total PoR worth $284.45M. Shiba Inu ranks as WazirX’s highest cryptocurrency holding, representing 19% of the exchange’s total reserve.

According to the report, WazirX holds a total of 6.09 trillion Shiba Inu tokens worth about $54.2 million. Interestingly, Shiba Inu is followed by Ethereum and Bitcoin, according to data shared by WazirX.

(By Lele Jima)