37% of Bitcoin on Exchanges Has Proven Reserves

River published its second proof of reserves and is making more investments in security by adding a third layer.

?? You Deserve to Know Your Bitcoin Is Safe

A few weeks ago, River launched our Proof of Reserves! For too long, people have placed their trust in custodians because they believe in Bitcoin. Now it’s time for the industry to earn that trust.?

At River, we’re leading by example by proving every month that your Bitcoin is exactly where we say it is. Our most recent reserves statement was published this week.

In case you haven’t verified your reserves yet, or would like to learn more, here are a few resources:

• To verify your reserves, go to River’s Proof of Reserves
• To learn about the basics of Proof of Reserves, read our River Learn article
• Watch a deep dive video with our CEO, Alex Leishman where he walks you through the verification process

?? A Third Layer of Security

We have introduced device verification as an added measure to prevent unauthorized access to your River account and Bitcoin. This drastically reduces the chances a scammer can access your account with a phishing attack. You can also view and manage the trusted devices connected to your account.

?? River’s Continued Commitment to Security

Security has been and will always be our #1 priority. Earlier this year, River received its SOC 1 and 2 audits. More recently, we brought on Cem Paya to River as our Chief Security Officer (CSO). Cem has an impressive track record in security, having held leadership roles at Gemini, Airbnb, and Brevan Howard.?

We’re not stopping there. In addition to our existing security layers, we have an exciting update coming later this year.