 "Will Crypto Bubble Grow Or Burst Amidst The Bitcoin Rise?")
Cryptocurrency exchange CoinSwitch on Friday revealed that it currently holds about Rs 1,083.45 crore of its users’ assets and has enough reserves to meet withdrawals made by them even in “turbulent” times.
The firm, backed by the world's leading investors such as Andreesen Horowitz (a16z), Tiger Global, and Sequoia Capital, released its proof of reserves report in a bid to bring more transparency to its users. The report, by financial auditor INMACS, states that the company held more assets than its users’ holdings on its platform and that it did not borrow or reinvest against any of its users’ crypto
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