Coinberry is committed to transparency and trust in our operations. We have released our 2022 Proof of Reserve and platform due-diligence report completed by Blockchain Intelligence Group. See full report.
Coinberry adheres to the highest standards protecting your capital. Any cryptocurrency held in your Coinberry account is custodied in hot or cold storage vaults, which you can convert into Canadian dollars at any time.
All custodied cryptocurrency assets are backed 1:1 at all times and over 90% are held in an insured cold storage vault. All cold storage cryptocurrency assets are held with our qualified and insured custodian.
A Proof of Reserves is an independent analysis conducted by an unaffiliated third party which seeks to ensure that a trading platform or custodian holds the assets it claims to on behalf of its clients.
We strongly believe Proof of Reserves are necessary for crypto platforms to build trust with customers, as cryptocurrency poses a unique set of risks. Customers should be confident the platform they are using have their funds on hand at all times, under any circumstances.
Over 90% of custodied cryptocurrency assets are held in an insured cold storage vault. All cold storage cryptocurrency assets are held with our qualified and insured custodian – Gemini.