At Kraken, transparency is not a slogan. That’s standard. Our latest news Preliminary Proof (POR) AuditIt was completed at that point June 30, 2025Again, make sure that the client assets held on the platform are backed up to 1:1 or later. This process includes the main crypto assets BTC, ETH, SOL, USDC, USDT, XRP, ADA.

We don’t expect blind trust. We don’t need it. Provides evidence of encryption.

Is it your first time with POR? Learn how it works in a beginner’s guide.

The June 2025 report shows

Our POR Audit captures a complete snapshot of client assets across all services, not just spot balance. Included Margin accounts, futures holdings, and betting assetsIt provides a full spectrum view of customer exposure.

Reserve ratios as of June 30, 2025

A simple review – What is a proof of preparation?

Proof of reserves is a encryption process that allows the client to independently and personally verify that the assets are contained in a third-party audited snapshot of the platform’s liability.

Use a Markle Tree Combine individual balances into a single cryptographic hash. Client receives a Personalized Markle Proofcan be used to confirm inclusion without revealing personal details. An independent auditor then checks Kraken’s Onchain Holdings exceeds the total client balance – Effectively test your complete preparation without assumptions.

Why is Kraken’s POR going even further?

Nowadays, more exchanges offer some form of “pole” offering, but not all of them offer the same level of rigor or transparency. This is what sets us apart:

1. Consider not only assets but also liabilities

Some platforms show what they have, but skip what they owe. Included Client’s Total Debt With all audits. Below that is not complete evidence of reserves.

2. User-Level Verification

All clients can Check your own inclusion Use the open source Merkle Verification Tool. This is not just about trust, it is about verification.

3. Ten Year Consistency

First I developed POR 2014 – And we haven’t stopped. Kraken will implement for Regular and orderlyit’s not just the news cycle.

POR is essential. It’s not about promises. That’s about evidence – Visible, encryption, and proof of third-party verification. Kraken’s process is built to withstand scrutiny and provide information to users.

What’s next – Enlarge scope

We are committed to publishing Pors quarterin addition to our financial disclosures, we also ensure that users have a normal window in our platform solvency. We are also actively working to expand and include our pole coverage. More supported assetsgives us a broader view of the reserves throughout our ecosystem.

From the beginning, Kraken was a supporter. Accountability, Independence, Cryptographic Primary Values. I believe transparency should be an industry norm, not an afterthought. So we keep raising the bar.

Ready to verify your account? Please visit the spare proof portal.