The Upbit cryptocurrency exchange has more cryptocurrencies and cash than the payable amount to customers as of April 1, according to Eugene.
It is Upbit’s fourth quarterly announcement on its cash and cryptocurrency holding.
Doonamu, the operator of the Upbit exchange, said the quarterly report is to upgrade investor confidence and ensure transparent trading. It entrusted Eugene accounting to audit Upbit.
The latest report showed that Upbilt has 222 coins. Its cryptocurrency holding is 102.49 percent of what is payable to investors. Including cash, its holding is 150.66 percent of what investor entrusted to Upbit.
A Doonamu spokesman said Upbit is ready to honor withdrawal request from investors at any time.
The Upbit’s announcement is its strategy to differentiate the exchange from the competitors.