<ul><li>Coinbase CEO, Brian Armstrong, has stated that the company has no plans to implement proof of reserves.</li><li>Armstrong explains that Coinbase follows other methods to ensure the safety of customer funds, such as transparent transactions on the blockchain.</li><li>For institutional clients, trades may not be settled immediately on the blockchain, but Armstrong reassures that they are eventually settled on-chain.</li><li>Coinbase argues that proof of reserves is not necessary as the company undergoes annual audits by Deloitte and follows strict rules as a public company.</li></ul>

Coinbase CEO Says No to Proof of Reserves

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