Financial services companies include a broad range of businesses, including credit unions, banks, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, etc. Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centers.
Proof of Reserves is a good way for crypto exchanges to show their clients and regulatory authorities that they have enough funds to cover all their liabilities and operate transparently and honestly.
