全球加密交易所Kucoin连续第30次发布储量证明（POR）报告

意见：全球加密交易所Kucoin连续第30次发布了储备证明（POR）报告，重申了其对透明度的承诺。该报告确认用户资产得到了完全支持，甚至还持有额外的抵押品。

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.

全球加密货币交易所Kucoin连续第30次发布了每月的储备证明（POR）报告，重申了其对透明度和用户保护的承诺。 May快照证实了该平台完全支持用户资产，甚至可以将其备份。

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过程通过Merkle Tree密码学可以独立验证。该系统可确保该交易所以1：1的比率或更高的链接持有客户资产相对于其负债。 Kucoin还为用户提供了独立验证其余额的工具，并将其与已发布的链链钱包地址进行比较。

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树结构组合并加密用户资产数据以生成一个汇总所有余额的单个哈希。这种设计可防止篡改并实现对资金所有权和数据准确性的透明，用户级验证。

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.

根据May Por报告，Kucoin的比特币储量超过了106％。该交易所持有10,306.77 BTC，而用户持有总计为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.

交易所的以太储备还显示出强劲的116％的备份比。该平台的储备有168,779个ETH，而欠用户的145,807个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储备还显示了安全保证金。该交易所拥有13.4亿个系绳（USDT），而用户资产为11.8亿。对于美元硬币（USDC），储量为9342万，而8571万个存款，储备率为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个月中对资产支持的一致报告证明了其承诺，尤其是在仍然从过去的透明性失败中恢复过来的行业中。通过每月发布详细的POR报告，Kucoin旨在建立和维持其用户的信任。