Is this transparency enough for you? To me, this doesn't amount to much. Is there even a way for ordinary users of the platform to verify the data and claims of the report?
In general, when it comes to transparency, exchanges are always found wanting. If you rely on the information these exchanges release to decide which among them to use, you might end up a victim of marketing.
It's very common among exchanges to bloat their number of users, volume, and whatnot. It's very common for them to lie about their reserve, about how funds are safu, about how users' funds aren't affected whenever there's a hack, about how solid their security is, about how they value and protect their users' privacy, and so forth. Transparency is actually not their strength.
Yeah I think you can, it's public data.. While you have a point, don't you think the exchanges that make the effort to release their PoR (Proof of Reserves), protection funds, and transparency reports monthly or quarterly are doing something right and worth commending? On the other hand, I'm also glad that we're starting to see some level of accountability from cex and I'd like this practice to continue. The reports on CoinTelegraph were detailed & thumbs up to the platform for stepping up