The global cryptocurrency exchange Gate.io has passed Proof-of-Reserves audit of user Assets. It holds 108% of total user BTC assets in its reserves, according to the independent third-party…
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About Armanino LLP
Armanino LLP is one of the 21 largest independent accounting and business consulting firms in the United States.
Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. Armanino is recognized as a global leader digital asset solutions. The firm helps clients adapt and change in every stage of business, from start-up through rapid growth to the sale of a company. The firm extends its global services to more than 100 countries through its membership in Moore Global, one of the world’s major accounting and consulting membership organizations.
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The audit proves that over $19 billion worth of client Bitcoin and Ether is held by Kraken on its exchange.
CoinShares has integrated Armanino’s Real-Time assurance application, TrustExplorer. This blockchain-enabled solution allows investors to independently verify the bitcoin backing BITC through viewable and downloadable attest reports that are generated daily.