Crypto.com released proof-of-reserves data from auditing firm Mazars Group that showed its clients' assets are fully backed one-to-one, according to a statement Friday.

This comes after rival exchange Binance released a similar report from the same auditor seemingly proving its reserves on Wednesday. Similar to Binance, Mazars compared assets held in on-chain addresses on Crypto.com with customer balances on December 7.

(by Helene Braun)