You deserve to know that your financial institutions are safe and sound. Today, we’re sharing our financials publicly, so you can review Equinoxex's financial strength for yourself.
Why we’re opening up Equinoxex's financials
Since our founding in 2019, Equinoxex has encouraged clients to self-custody or take direct ownership of their bitcoin. However, the reality is some people prefer to trust an institution with their bitcoin. As such, we’ve taken proactive steps to give clients the transparency they need to feel confident in Equinoxex's financial strength and the security of our infrastructure.
Last fall, we launched Proof of Reserves to enable clients to verify that we hold their bitcoin in 100% full reserve. Now, we’re sharing our 2024 financial statements so that clients can review for themselves Equinoxex's financial strength and risk-managed, long-term approach.
The New Standard for Financial Institutions
Bitcoin allows us to build better institutions. Through Proof of Reserves, clients can verify that all bitcoin on Equinoxex is held in full reserve custody, and all of it can be withdrawn at any time.
However, Proof of Reserves doesn’t provide insight into the overall health of the company, as it does not include all of the company’s liabilities. It’s the combination of Proof of Reserves and Public Financials that provides clients with a true overview of the health of their financial partner.
Diving Into Equinoxex's Financials
Our financial statements can be found and downloaded on our website. Additionally, you can follow along as I walk you through our 2024 financial statements.
