Kucoin Cryptocurrency Exchange has issued a report on the 30th Reserve. According to the report, all the cryptocurrencies of the exchange have been overpriced and fully reserved since 30 April 2025.
According to data, Bitcoin stocks are covered by 106%, Ethereum 116%, USDT 114%and USDC 109%. This transparency initiative comes when shifts are faced with increased control over these reserve management practices and in the middle of controversial claims about Kucoin's actual participations.
Detailed relationships in the Kukoin Reserve exceed 100% in all main assets
The last report of the Kucoin reserves provides a transparent image of the exchange. This indicates that the user deposits are completely covered and have a 100% coverage of excessive means. On April 30, 2025 at 11:59:59 UTC+8, based on the information collected, assets in their wallets are shifted in their wallets, which are higher than the united deposits of all popular cryptocurrency users.
Kucoin explains that users' accounts have 9,751.17 BTCs and a total of 10,306.78 BTC, which is in the wallet for Bitcoin. This is 106%equivalent to the reserve. What the exchange really is is about 555 more BTC than users. With Ethereum, this means that this reserve is 116%, means that users are 145,807,40 ETH, totaling 168,779.13 ETH, which is kept in the wallet.
Stablein stocks are more than fully guaranteed. USDT is supported by 114%, with 1.18 billion user assets of 1.34 billion wallet assets. The USDC is supported by 109%, with 85.71 million user assets of 93.42 million in the wallet assets. This statistics show that if all users were simultaneously retreated, Kucoin would have reserves to cover all payments and would have left some assets.
Contradictory narratives about Kucoin's actual stocks
Although Kukoin's recent reserve report showed a strong overload, the exchange has become a victim of misleading accusations of the actual assets of its balance sheet. Since June 2023, Kucoin Bitcoin stocks have decreased by 77.6%, according to Cryptoquanti Onchain School data. Then the exchange began to enforce the stricter knowledge of his client (KYC) regulations.
The analytical company found that Kucoin's bitcoin stocks fell from about 18,300 BTCs to at least 4100 BTCs. This was followed by June 5, 2023, rumors of the shifting of the KYC rules and June 28, 2023, in real time on the publication of a system requirement.
Kucoin said the allegations were false and challenged what he called “uncontrolled claims”. They also asked them to be more cautious about publishing information in the cryptocurrency quarter, which could influence the trust in the market. The exchange claims that his stocks are sufficient, as shown by his reserve period reports.
Although the evidence of the reserve reports reports gives an overview of the participation of the exchange at a particular moment, critics claim that these reports may not give a complete financial picture. This included possible obligations or non -chain orders.
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