Are you wondering about the state of crypto exchange transparency? Bitcoin advocate Nic Carter has released a critical and in-depth analysis of centralized exchange proof-of-reserves. This analysis is vital for understanding the security and solvency of your preferred trading platforms. He ranked the attestations provided by some of the most prominent crypto exchanges, shedding light on their commitment to transparency.

To help with all the lingering questions on proof of reserves and their effectiveness, Carter's work provides crucial insights. Nic Carter, a well-known cryptocurrency advocate, recently conducted a comprehensive analysis of several centralized cryptocurrency exchanges’ Proof-of-Reserves (PoR). His meticulous review offers a framework for assessing the quality and completeness of these attestations.

The findings? Kraken and BitMEX topped the proof-of-reserves score list, showcasing robust and transparent practices. On the other hand, Binance received a low score for being incomplete in its attestation, raising concerns about the extent of its transparency. Nic Carter, a well-known bitcoin advocate and Coin Metrics co-founder, ranked the attestations made by the major crypto platforms based on several criteria.

Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most significant players in the crypto space. This review is essential reading for anyone holding funds on centralized exchanges or considering doing so. Dive into Carter's analysis to make informed decisions about where you entrust your cryptocurrency.