OKX Publishes Industry-Best 9th Consecutive Proof of Reserves (PoR) with $11.3 Billion Balance

OKX Publishes Ninth Consecutive Monthly Proof of Reserves, Demonstrates Over $11 Billion in Crypto Assets

OKX, a leading crypto exchange and Web3 technology company, has released its ninth consecutive monthly Proof of Reserves (PoR) report, revealing a balance of $11.3 billion in BTC, ETH, and USDT. The PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for all those assets for nine consecutive months. Additionally, OKX stores the majority of its reserves in highly secure off-chain cold storage.

Key Points:

OKX’s PoR demonstrates a reserve ratio exceeding 100% for nine consecutive months across 22 digital assets.
The assets included in OKX’s PoR are BTC, ETH, USDT, and other popular cryptocurrencies.
Hundreds of thousands of users have engaged with OKX’s PoR, visiting the PoR page and conducting self-audits.
OKX emphasizes the importance of sustained and consistent disclosures for long-term accountability in the industry.
OKX will continue to publish monthly PoR reports and provide a self-audit tool for users to verify solvency.

OKX’s commitment to transparency is highlighted by its open-source verification tool, allowing users to independently confirm the backing of their assets by OKX reserves. The exchange has published over 210,000 addresses for its PoR program and will continue to allow the public to view its asset flows.

Hot Take: OKX’s consistent monthly PoR reports and reserve ratios exceeding 100% demonstrate its commitment to transparency and accountability. With its secure off-chain cold storage and self-audit tool, OKX provides reassurance to users that their assets are backed by reserves. This level of transparency is essential in building trust in the crypto industry.