OKX Publishes 17th Consecutive Proof of Reserves, Highlighting USD22.1 Billion in Primary Assets
28 Marzo 2024 - 2:00AM
OKX, a leading global Web3 technology company and crypto exchange,
today announced the release of its latest Proof of Reserves (PoR)
report, showcasing a total of USD22.1 billion in primary assets
backing user funds.
This marks the 17th consecutive month of the exchange's Proof of
Reserves (PoR) reports, which highlight the reserve ratios of the
22 most frequently traded assets on OKX: BTC, ETH, USDT, USDC, XRP,
DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT,
PEOPLE, TON, TRX, UNI and BCH. As with its previous reports, OKX's
17th PoR reveals reserve ratios of over 100% for all of these
assets, ensuring that user funds are backed 1:1.
The current reserve ratios for OKX's primary assets are as
follows:
- BTC: 102%
- ETH: 104%
- USDT: 106%
- USDC: 110%
OKX Global Chief Commercial Officer Lennix Lai
said: "Our 17th consecutive PoR reinforces our commitment
to trust-building and transparency in the crypto ecosystem. As
global crypto adoption accelerates, we believe mechanisms like PoR,
which aim to enhance security and transparency, will play a
critical role in onboarding the next wave of users. At OKX, we
remain dedicated to providing users with trustworthy tools to
navigate the new financial landscape confidently."
Since the inception of its program, OKX has introduced various
updates and improvements to its PoR based on user feedback,
garnering the highest quality rating among major exchanges by
blockchain expert Nic Carter. In 2023, OKX incorporated the
Zero-Knowledge Scalable Transparent Argument of Knowledge
(zk-STARK) technology into its PoR process, a technology that
enables users to independently verify the solvency of the exchange
while ensuring the backing of their assets by the reserves, with no
compromise on privacy.
Users can view and interact with OKX's PoR here.
For further information, please
contact:Media@okx.com
About OKXOKX is a leading global crypto
exchange and innovative Web3 company. Trusted by more than 50
million global users, OKX is known for being one of the fastest and
most reliable crypto apps in the world.
As a top partner of English Premier League champions Manchester
City FC, McLaren Formula 1 and Olympian Scotty James, OKX aims to
supercharge the fan experience with new engagement opportunities.
OKX is also the top partner of the Tribeca Festival as part of an
initiative to bring more creators into web3.
The OKX Wallet is the platform's latest offering for people
looking to explore the world of NFTs and the metaverse while
trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its
Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer