WazirX's reserves at $284.4 million, highest in the form of Shiba Inu

Indian crypto exchange's reserve-to-liability ratio stands at 1:1

Crypto exchange WazirX on Wednesday released its Proof of Reserves (POR), showing a reserves-to-liability ratio of over 1:1. The company has enough reserves to meet the withdrawal requests, it said. In total, it has reserves worth $284.45 million. 

"WazirX provides reassurance to customers that their funds and virtual digital assets remain safe, with enough liquidity to serve the customers' withdrawal requests," the company said. 

"We are committed to building India's top crypto exchange responsibly and securely, and full transparency is a key part of that commitment. By making our wallet addresses, list of exchanges, and independent Proof of Reserves report