Cryptocurrency Q&A
Which cryptocurrencies are audited by Kraken?
Which cryptocurrencies are audited by Kraken?
Valentina
Sun Jul 14 2024
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7 answers
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As a financial professional with a keen interest in cryptocurrencies, I often find myself wondering about the rigor and transparency surrounding various digital assets. One of the most established and trusted crypto exchanges, Kraken, is renowned for its security and strict auditing processes. However, I'm curious to know precisely which cryptocurrencies undergo these audits on Kraken's platform. Are there specific criteria that these cryptos must meet to be eligible for auditing? Or does Kraken audit a wide range of assets? Clarifying this information would greatly enhance my understanding of the exchange's practices and potentially guide my investment decisions.
7 answers
KatanaGlory
Tue Jul 16 2024
This combination of offline storage and round-the-clock monitoring ensures the utmost security for its customers' investments.
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KpopStarletShineBrightness
Tue Jul 16 2024
The company boasts that 95% of its deposits are securely stored offline in cold storage facilities.
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KimchiQueenCharmingKissWarmth
Tue Jul 16 2024
This practice significantly reduces the risk of digital assets being compromised or stolen.
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Giulia
Tue Jul 16 2024
Currently, a significant portion of holdings comprising BTC, ETH, USDT, USDC, XRP, ADA, and DOT has undergone auditing, accounting for 63% of the total.
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Sara
Tue Jul 16 2024
Additionally, Kraken maintains a robust security system, monitored by a dedicated team of guards.
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