全球加密交易所Kucoin連續第30次發布儲量證明（POR）報告

意見：全球加密交易所Kucoin連續第30次發布了儲備證明（POR）報告，重申了其對透明度的承諾。該報告確認用戶資產得到了完全支持，甚至還持有額外的抵押品。

Global cryptocurrency exchange KuCoin has released its 30th consecutive monthly Proof of Reserves (PoR) report, reaffirming its commitment to transparency and user protection. The May snapshot confirms that the platform fully backs user assets and even holds them with extra collateral.

全球加密貨幣交易所Kucoin連續第30次發布了每月的儲備證明（POR）報告，重申了其對透明度和用戶保護的承諾。 May快照證實了該平台完全支持用戶資產，甚至可以將其備份。

KuCoin’s PoR process is independently verifiable through Merkle Tree cryptography. This system ensures that the exchange holds customer assets on-chain at a 1:1 ratio or above relative to its liabilities. KuCoin also provides tools for users to independently verify their balances and compare them against the published on-chain wallet addresses.

Kucoin的POR過程通過Merkle Tree密碼學可以獨立驗證。該系統可確保該交易所以1：1的比率或更高的鏈接持有客戶資產相對於其負債。 Kucoin還為用戶提供了獨立驗證其餘額的工具，並將其與已發布的鍊鍊錢包地址進行比較。

The Merkle Tree structure combines and encrypts user asset data to generate a single hash that summarizes all balances. This design prevents tampering and enables transparent, user-level verification of fund ownership and data accuracy.

Merkle樹結構組合併加密用戶資產數據以生成一個匯總所有餘額的單個哈希。這種設計可防止篡改並實現對資金所有權和數據準確性的透明，用戶級驗證。

According to the May PoR report, KuCoin’s Bitcoin reserves exceed user holdings by 106%. The exchange held 10,306.77 BTC while user holdings totaled 9,751.17 BTC.

根據May Por報告，Kucoin的比特幣儲量超過了106％。該交易所持有10,306.77 BTC，而用戶持有總計為9,751.17 BTC。

The exchange’s Ethereum reserves also showed a strong 116% backing ratio. The platform had 168,779 ETH in its reserves compared to 145,807 ETH owed to users.

交易所的以太儲備還顯示出強勁的116％的備份比。該平台的儲備有168,779個ETH，而欠用戶的145,807個ETH。

Stablecoin reserves at KuCoin also displayed safety margins. The exchange held 1.34 billion Tether (USDT) in its reserves compared to 1.18 billion in user assets. For USD Coin (USDC), reserves hit 93.42 million against 85.71 million in deposits, presenting a 109% reserve ratio.

Kucoin的Stablecoin儲備還顯示了安全保證金。該交易所擁有13.4億個繫繩（USDT），而用戶資產為11.8億。對於美元硬幣（USDC），儲量為9342萬，而8571萬個存款，儲備率為109％。

KuCoin’s consistent reporting on asset backing throughout 30 months is a testament to its commitment, especially in an industry still recovering from past transparency failures. By publishing detailed PoR reports monthly, KuCoin aims to build and maintain trust with its users.

Kucoin在30個月中對資產支持的一致報告證明了其承諾，尤其是在仍然從過去的透明性失敗中恢復過來的行業中。通過每月發布詳細的POR報告，Kucoin旨在建立和維持其用戶的信任。