India, May 25th, 2026: CoinSwitch, India’s largest crypto trading and investing platform with over 2.5 crore users, today published the sixth edition of its Proof of Reserves (POR), reinforcing its long-standing commitment to transparency, liquidity discipline, and customer asset protection.
The independently reviewed assessment confirms that CoinSwitch’s combined VDA (crypto) and INR reserves continue to substantially exceed total customer holdings on the platform every year. As of March 31, 2026, CoinSwitch held total reserves worth ₹2,360.33 crore against customer holdings of ₹1,747.25 crore, representing a reserve surplus of ₹613.08 crore.
The latest disclosure reaffirms that CoinSwitch not only maintains a reserve ratio of 1:1, but higher across customer crypto and INR balances, ensuring users have full access to withdraw their assets at all times.
The report also highlights CoinSwitch’s strong liquidity position on fiat balances. User INR holdings of ₹73.83 crore are backed by ₹219.75 crore held across designated banking and payment partner accounts, translating to a 2.97x fiat coverage ratio.
“Trust in crypto is not declared, it is demonstrated through consistent transparency and disciplined risk management,” said Ashish Singhal, Co-founder, CoinSwitch “As global standards evolve, users are demanding greater clarity on how platforms safeguard assets and manage liquidity, especially during volatile market conditions.”
He added, “With our sixth Proof of Reserves disclosure, we continue to reinforce a simple principle: customer assets are fully backed and reserves remain well above user holdings. While market movements impacted overall valuations during the year, the quantity of customer assets held on the platform grew 12.44% versus the previous Proof of Reserves assessment, reflecting continued investor confidence and retention.”
The review was conducted as per the standards prescribed by the Institute of Chartered Accountants of India (SRS 4400) as of March 31, 2026.
The POR assessment verifies:
- CoinSwitch maintains total reserves of ₹2,360.33 crore against total customer holdings of ₹1,747.25 crore.
- CoinSwitch’s crypto reserves stand at ₹2,140.58 crore against customer crypto holdings of ₹1,673.41 crore.
- User INR balances of ₹73.83 crore are backed by ₹219.75 crore held across designated banking and payment partner accounts.
- Bitcoin (BTC) remains the largest crypto asset held on the platform, accounting for 40.62% of total VDA holdings, followed by Ethereum (ETH) at 10.38%.
CoinSwitch pioneered Proof of Reserves disclosures in India and continues to publicly share wallet addresses, enabling users to independently verify on-chain holdings through blockchain explorers.
For more information, refer to: https://coinswitch.co/building-blocks/coinswitch-publishes-sixth-proof-of-reserves-report-maintains-613-crore-surplus-above-customer-holdings/
