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Hotcoin updates Proof of Reserves on CoinMarketCap with $130M fully backed assets
Hotcoin announced an update to its Proof of Reserves, now visible on CoinMarketCap, stating that client assets are fully backed with a reported $130 million in holdings as of 2024.
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Hotcoin has updated its Proof of Reserves, with the latest data now available on CoinMarketCap. According to the company's announcement, client assets are reported to be fully backed, with current holdings stated as $130 million in 2024. The statement also references a previous figure of $30 million and notes that the platform has been in operation for nine years, but no further details were provided regarding the methodology, audit process, or the frequency of these updates.
Hotcoin is an international digital asset platform established in 2017, providing spot, margin, and futures trading, along with crypto loans and copy trading. With support for over 330 cryptocurrencies and platform availability on desktop, web, and mobile, Hotcoin caters to a diverse user base in more than 90 countries. Learn more in the broker profile on Traders Union.
For context, our earlier news about Hotcoin highlighted the announcement of 25 event winners, each identified by username and ID number. To learn more about this, see the previous Hotcoin update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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