CoinSwitch just came through with its 5th edition Proof of Reserves, and ngl, the transparency flex is real. India’s largest crypto platform—rocking over 2 crore users—confirmed it’s got enough crypto + INR to cover every. single. withdrawal 1:1, no cap.
The audit? Verified by an independent CA firm, following India’s SRS 4400 standards. They checked both Bitcipher Labs and Nextgendev Solutions as of March 31, 2025.
Here’s the tea:
- User holdings (Crypto + INR): ₹2,138.64 crore
- CoinSwitch holdings (Crypto + INR): ₹2,764.20 crore
Basically, its got more than enough stashed to cover everything, and the extras? Those are the company’s own bags—totally separate from user funds.
Even better, customer crypto holdings are up 10% since the last POR, thanks to the market’s glow-up. BTC alone jumped from ₹57L to ₹80L—bag holders, rejoice
CoinSwitch also dropped wallet addresses so users can verify the info themselves (talk about trust goals). Over 95% of crypto is chillin’ in cold storage via CoinSwitchX, with <5% on partner exchanges to keep trades smooth.
Moral of the story? This token isn’t just talking the talk—it’s walking it hard.
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