Tabdil Crypto Exchange Receives Proof of Reserves Certificate for the Second Time

Proof of Reserves is a global method for assessing the transparency of cryptocurrency platforms.

Proof of Reserves is a universal method for evaluating the transparency of digital currency platforms.

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On the 18th of Mehr, the digital currency exchange for the second time received its proof of reserve (Proof of Reserve) with the review of official experts.

The first certificate of proof of exchange exchange reserves was issued on July 31, 1404, and receiving a new certificate is the continuation of the same path for the periodic assessment of users' assets.

In this study, the total conversion commitments to users in Riyal and digital currency sectors were matched with the total reliable reserves of the platform. According to the results of this study, the level of conversion reserves is higher than the total of its obligations to users, and a part of this surplus is related to the conversion insurance fund.

In Riyal section, users' asset support was checked based on reliable financial and banking documents. In the digital currency sector, conversion reserves were evaluated in compliance with global security protocols related to hot and cold wallets.

Receiving the second proof of deposit certificate for conversion is part of the exchange's approach towards transparency, responsible management of reserves and ensuring the adequacy of users' asset support. This certificate helps users make decisions with more confidence about the backing of their assets and the platform's ability to meet its obligations.

For users who are not familiar with the concept of Proof of Reserves, Proof of Reserves is a universal method for evaluating the transparency of digital currency platforms. In this process, it is checked whether the assets held by the platform have enough support for the total balance of users or not.