Cryptocurrency exchange KuCoin has published its 30th Proof of Reserves report, showcasing the complete reserve management practices across their platform. As per the report, all top crypto assets are over-collateralized and fully reserved as of April 30, 2025. Bitcoin reserves stand at a robust 106%, followed by Ethereum with an impressive 116%. USDT has 114% coverage, and USDC sits at 109%. This transparency initiative comes amidst increased scrutiny on exchange reserve management practices, while some critics have raised doubts regarding KuCoin’s actual holdings. 2025 is when KuCoin’s reserves exceed user deposits by a considerable margin, suggesting the exchange maintains a buffer to cover potential withdrawals.