WazirX, a cryptocurrency exchange, issued its Proof Reserves on Wednesday
  • WazirX, a cryptocurrency exchange, revealed its Proof of Reserves (POR) on Wednesday, revealing a reserves-to-liability ratio of more than 1:1.
  • According to the WazirX, it has adequate funds to satisfy the withdrawal demands. It has reserves of $284.45 million.
  • Shiba Inu is WazirX’s largest holding, accounting for 19% of total reserves. WazirX owns 6.09 trillion SHIB tokens worth $54.6 million. Following it is Ethereum and Bitcoin.
  • The corporation has 1,356 Bitcoin worth $23.6 million. According to the PoR, it holds 20,057 Ethereum tokens worth $26.6 million.
  • WazirX claims that it has the highest reserves of any cryptocurrency exchange in India.
Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.