India’s leading cryptocurrency platform, CoinSwitch, has released its fifth edition of Proof of Reserves (POR), demonstrating a commitment to transparency and user confidence. The report reveals an impressive 10% growth in customer holdings compared to the previous report, largely driven by favorable market conditions and rising crypto prices. 2 crore users trust CoinSwitch to back every withdrawal 1:1, with holdings exceeding ₹2,138.64 crore for customers and ₹2,764.20 crore for CoinSwitch itself. This growth has been attributed to increased demand within the DeFi space and growing investment interest from institutional investors. The report also highlights a strong foundation for CoinSwitch’s operations with over 95% of crypto assets held in its own custodial wallets on platforms like CoinSwitchX, further enhancing trust within the community.