Kraken now allows their account holders to verify their reserves!

Pretty neat stuff, got this email today:

When you hold crypto with Kraken, you trust us to secure your assets — a duty we take seriously. That's why, starting today, we're going a step further than traditional financial institutions, giving you cutting-edge cryptographic tools that allow you to prove our solvency and hold us accountable.

Our latest Proof of Reserves audit found we held all of the bitcoin and ether belonging to clients on our exchange, but you don't have to take our word for it. In fact, you can now independently and mathematically validate this audit from your account with just a few clicks.

Makes me feel more secure about holding some funds on kraken.