Circle to Partner with Deloitte for Audits on Its Proof of Reserves

Circle said it will now partner with Deloitte, Coinbase’s accounting firm of choice, for audits on its proof of reserves.

Circle, who for years partnered with firm Grant Thornton for its audits, makes the switch as various accounting firms have exercised caution over audits of crypto companies.

Previously, accounting firms Armanino and Mazars both suspended all services for crypto exchanges, including proof of reserves.