Chinese Exchanges Setting New Transparency Standard as Huobi Audit Reveals 100% Reserves

By August 30, 2014Bitcoin Business



G+PinterestChinese crypto exchange Huobi has joined the country’s elite league of those to pass the proof-of-solvency audit today. The results carried out by Ripple CTO Stefan Thomas were posted on Bitcointalk, and showed that Huobi had reserves of 103.52% at the time of completion. – Stefan Thomas “The actual holdings were 3.52% higher than the required holdings, meaning Huobi had greater than 100% reserves at the audit block height,” Thomas confirmed.The exchange joins the […]

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