Crypto exchange Huobi has recently shared information about the balances of its hot and cold wallets.
According to the announcement made by the platform, the estimated value of its reserves is $3.5 billion.
As of November 12, the company holds more than 191 million native Huobi tokens (HT), 9.7 billion TRX, 820 million USDT, 274,000 ETH and 32,000 BTC.
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The exchange has promised to publish such reports on a regular basis. In addition, Huobi has also engaged an external firm to conduct an additional audit of the reserves.
As part of the Merkle tree reserves testing procedure, an independent organization will take a snapshot of the exchange's wallets and combine them into a Merkle tree.