UK-based cryptocurrency exchange Coinfloor as custodian of client bitcoins believes that they must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature.

Each month Coinfloor is committed to releasing a Provable Solvency Report. Coinfloor says they are proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today the exchange published its 34th monthly Provable Solvency Report and as of today January 30th, Coinfloor holds a total of 7,590.4195 XBT on behalf of clients, this is a 21% increase from December’s 6,251.1114 XBT.

7590.4195 Bitcoin equals $7,011,346.40 US Dollars.

Earlier this month, Coinfloor made news when they introduced zero fee trading on the exchange.