Upbit's Comprehensive Audit Results: 100% Coverage of Cryptocurrency and Deposits

IconCryptoNewsTerminal Staff25 Jul, 2024

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Upbit's Comprehensive Audit Results: 100% Coverage of Cryptocurrency and Deposits

Upbit, the prominent South Korean cryptocurrency exchange, has unveiled the findings of its comprehensive audit for digital assets and cash equivalents as of July 1. The audit demonstrates Upbit's unwavering commitment to transparency and customer trust. The audit results reveal that Upbit maintains an impressive 103.23% coverage of digital assets and 104.56% coverage of cash equivalents against customer liabilities. This outstanding result underscores Upbit's diligent practices in safeguarding customer funds and assets. As the largest cryptocurrency exchange in South Korea, Upbit has consistently prioritized the security and transparency of its platform. The results of this audit serve as a testament to Upbit's adherence to the highest standards of financial management and customer protection.

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