Luno releases full verification of customer cryptocurrency

Team Luno

December 11, 2022 · 1 minute read

A key theme that has emerged over the last few months is that of trust. While no one is able to predict where the market will go next, the one thing investors can do is use a trustworthy crypto platform.

Key to this is ensuring that their funds do in fact exist and are accounted for. That’s why every quarter at Luno, we publish our Proof of Reserves report.

What is it?

Mazars, a leading international audit, tax and advisory firm, conducts our Proof of Reserves verifications. The Proof of Reserves reports gives you peace of mind that Luno has your cryptocurrency safely stored for you to use whenever you want.

Mazars conduct tests on the vast majority of these holdings to prove that the cryptocurrencies you see in your Luno Wallet actually exist.

Why do we do it?

At Luno, our mission is to put the power of crypto into everyone’s hands. Given the recent market disruption, we want to ensure that our customers know they are safe and secure with Luno.

This is why we place so much emphasis on the Proof of Reserves report, because in a world where there is already so much to worry about, the validity and safety of your cryptocurrency shouldn’t be one of them.