The ????????? ????? ?????? ????? ?? ?????????global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues.
LBank gave a public statement on November 9 stating that the exchange hopes to facilitate industry transparency and built a strong foundation of trust between exchanges and investors.?
LBank stated in an announcement and Twitter post to their users that “We believe that it is crucial for tier-one cryptocurrency exchanges to publicly share their auditable Merkle tree proof of reserves or POF…… This is an important step in building fundamental trust in the industry, and at the same time, it is also an important means to ensure the transparency of user assets.”?
LBank believes that taking this step will be crucial in helping investors regain trust in the market and hopes that more exchanges will take similar steps to help with this effort.