The online poker site CoinPoker has released a Proof of Reserves (PoR) report, showing that user deposits are stored in a 1:1 ratio in cold wallets, visible on the blockchain, with additional reserves in hot wallets for processing instant withdrawals.
Former Austrian football player and poker professional, Mario Mosböck, praised the crypto poker site's move to enhance transparency and together with British professional poker player Patrick Leonard, has become the new official ambassadors for the site.
Mario Mosböck stated in a post on platform X that their "mission is to guide the new leadership team in building the world's best online poker site".
Building a top online poker site with cryptocurrencies
Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but it has gradually climbed the ranks of the top online poker sites in magazines like Card Player Magazine, PokerScout, and Techopedia.
Unlike traditional internet poker sites that use fiat currencies, players at CoinPoker bet using Tether (USDT), and the site leverages blockchain technology to ensure the safety and independence of user funds.
In 2011, the Full Tilt Poker scandal erupted, mixing user funds with operational funds, leading to the company's bankruptcy during the industry's "Black Friday" and a major blow to the online poker sector.
Many top poker sites increasingly accept cryptocurrencies as a deposit method, but CoinPoker is one of the smaller, steadily growing teams that are "all-in", accepting cryptocurrencies in all actions on the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, or their own native token CHP, unlocking 33% rakeback for holders.
