OKX, the second largest crypto exchange by trading volume and a leading Web3 tech, has released its eighth monthly Proof of Reserve (PoR) showing balances of $11.3 billion in BTC, ETH and USDT. In addition, coins such as DASH and OKT attracted attention in the balance sheet of the stock market. Here are the details…
OKX holds DASH and these coins
OKX’s latest PoR, which covers 22 common cryptoassets, shows that OKX has consistently maintained a reserve ratio of over 100 percent for eight consecutive months. In addition to BTC, ETH and USDT, assets included in OKX’s PoR stand out as follows: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC , OKT, PEOPLE, TON, TRX and UNI. OKX provides the highest level of security for users’ crypto assets by storing most of their assets off-chain. Since OKX published its first Proof of Reserves, it has enabled hundreds of thousands of users to interact with the PoR, visit the PoR page and view the self-checks. OKX’s current reserve ratios are as follows:
- BTC: 103%
- ETH: 103%
- USDT: 103%
OKX Commercial Director Lennix Lai said:
Security, transparency and trust are the basic principles of OKX’s business philosophy. That’s why we are committed to working with full transparency and providing regular PoR audits that users can independently verify. We hope our efforts will advance the crypto-asset industry and set new benchmarks for transparency and security.
What is a PoR report?
OKX will continue to publish its PoR with monthly releases and a self-audit tool available to all users following the launch of Zero-Knowledge Scalable Transparent Information Argument (zk-STARK) technology in April 2023. The open source verification tool allows users to independently verify OKX’s credibility and confirm that their assets are backed by OKX’s reserves while protecting their privacy. OKX has released more than 210,000 addresses for its PoR program to date and will continue to allow users to view their asset stream. Users can view the latest PoR report, reserve ratios and check OKX’s credibility here.
OKX is the world’s second largest cryptocurrency exchange by trading volume and a leading Web3 ecosystem. Trusted by over 50 million users worldwide, OKX stands out as the crypto trading app for traders around the world. As the main partner of English Premier League champion Manchester City FC, Formula 1 team McLaren, golfer Ian Poulter, Olympic athlete Scotty James and F1 driver Daniel Ricciardo, OKX aims to improve the fan experience with new interaction opportunities. OKX is also the main partner of the Tribeca Film Festival as part of an initiative to attract more creators to Web3.
