CoinSwitch Reports $73.5 Million Reserve Surplus in Sixth Proof of Reserves Disclosure

CoinSwitch has released the sixth edition of its Proof of Reserves (POR) report, reaffirming the company’s focus on transparency, customer asset protection, and liquidity management amid growing scrutiny of global crypto exchanges.

The latest independently reviewed assessment revealed that CoinSwitch continues to hold reserves well above total customer assets, maintaining a significant surplus while reinforcing investor confidence in India’s rapidly evolving cryptocurrency sector.

According to the report, CoinSwitch held total reserves worth approximately $283.2 million as of March 31, 2026, against customer holdings valued at around $209.7 million. This leaves the platform with a reserve surplus of nearly $73.5 million.

CoinSwitch Maintains Strong Reserve Ratios

The company stated that its reserve holdings exceed customer balances across both fiat currency and digital assets, ensuring users can withdraw their funds at any time.

CoinSwitch reported crypto reserves worth roughly $256.8 million compared to customer crypto holdings of approximately $200.8 million.

Meanwhile, customer fiat balances totaling about $8.9 million were backed by nearly $26.4 million held in banking and payment partner accounts, giving the platform a fiat coverage ratio of nearly 3x.

The review was conducted under standards prescribed by the Institute of Chartered Accountants of India using SRS 4400 procedures.

CoinSwitch Highlights Transparency and Risk Management

Ashish Singhal, co-founder of CoinSwitch, emphasized that transparency has become increasingly important for crypto investors worldwide, especially during periods of market volatility.

“Trust in crypto is not declared, it is demonstrated through consistent transparency and disciplined risk management,” Singhal said in a statement accompanying the report.

He added that while cryptocurrency market fluctuations affected asset valuations during the year, the total quantity of customer assets held on the platform still grew by more than 12% compared to the previous Proof of Reserves assessment.

According to Singhal, the increase reflects continued investor retention and user confidence in the platform.

Bitcoin Remains Largest Asset on Platform

The report also provided a breakdown of the most widely held crypto assets on CoinSwitch.

Bitcoin remained the largest digital asset on the platform, accounting for 40.62% of total crypto holdings.

Ethereum followed as the second-largest holding, representing 10.38% of platform assets.

The company continues to publicly share wallet addresses linked to its reserve holdings, allowing users to independently verify balances through blockchain explorers.

Proof of Reserves Becoming More Important in Crypto Industry

Proof of Reserves reporting has become increasingly important across the cryptocurrency industry following several major exchange collapses and liquidity crises in recent years.

The process allows crypto platforms to publicly demonstrate that customer assets are fully backed by reserves rather than being used elsewhere without disclosure.

CoinSwitch was among the first major Indian crypto platforms to adopt regular Proof of Reserves disclosures and has continued publishing periodic assessments as investor demand for accountability grows.

India remains one of the world’s fastest-growing cryptocurrency markets despite ongoing regulatory uncertainty surrounding digital assets.

As global regulators push for stronger compliance standards and transparency requirements, exchanges offering independently verified reserve disclosures are increasingly positioning themselves as safer alternatives for retail investors.

With more than 25 million registered users, CoinSwitch continues to be one of India’s largest crypto investment platforms and appears focused on strengthening trust as competition within the sector intensifies.