CoinSwitch has released its proof of reserves, which reveals that as of January 6, 2023, 8 am IST, it had $112.99 million, or Rs 933.83 crore in terms of value assets. This comes amid a debate where crypto investors have been calling for more transparency from exchanges.
“At the time of evaluation (January 6, 8 am IST) this accounted for 86.2% of all user assets in our custody. The remaining are held on exchanges, and the value of these assets as of January 6, 2023, 8 am IST is approximately $18.1 million, or Rs 149.62 crore,” the company said in an official blog post.
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