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In this episode, Kraken chief product officer Jeremy Welch joins the show to cover Kraken's newly announced Proof of Reserve procedure. In this episode:\xa0

• Why bring back PoR?
• What distinguishes today\u2019s proof of reserve from the procedure Kraken undertook back in 2015
• Why haven\u2019t exchanges done PoR historically?
• What Kraken\u2019s PoR actually proves to depositors
• The role of Armanino in Kraken\u2019s PoR
• What happens when a depositor verifies their PoR
• How Kraken protects user privacy in PoR
• The trustlessness of the PoR procedure
• What regulators can gain from a PoR
• How Kraken clients can benefit from PoR
• How Jeremy expects other exchanges to react

Sponsor notes:\xa0

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See more on Kraken's PoR here