CoinCatch Completes Proof of Reserves (PoR) Update for May 2024

CoinCatch has successfully finalized its Proof of Reserves (PoR) update for May 2024. As of May 6, 2024, CoinCatch's total reserve ratio is recorded at 173.62%. The latest reserve ratio breakdown is outlined below:

Coin Name	Reserve Ratio
BTC	150.55% (Reserves are sufficient)
USDT	181.27% (Reserves are sufficient)
ETH	160.42% (Reserves are sufficient)
USDC	188.83% (Reserves are sufficient)

In our commitment to enhancing platform transparency, CoinCatch introduced its Proof of Reserves page in November 2023. Monthly updates of the data ensure that our clients' funds maintain a minimum 1:1 reserve ratio. Users can independently verify platform assets via the Merkle Tree.

Note: The reserve ratio is calculated as the platform's held funds divided by the user's funds on the platform. When the reserve ratio is greater than or equal to 100%, it indicates that the platform's funds are sufficient.

For more details on the Proof of Reserves, please visit: CoinCatch Proof of Reserves.

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