OKX Publishes Ninth Consecutive Monthly Proof of Reserves with $11.3 Billion in Assets
OKX, a leading crypto exchange and Web3 technology company, has released its industry-best ninth consecutive monthly Proof of Reserves (PoR) report. The report shows that OKX has maintained a reserve ratio exceeding 100% for nine months across 22 digital assets, including BTC, ETH, and USDT. The majority of OKX’s reserves are stored in highly secure off-chain cold storage.
Key Points:
– OKX’s PoR covers 22 commonly used digital assets and demonstrates a reserve ratio exceeding 100% for nine consecutive months.
– BTC, ETH, and USDT are among the assets included in OKX’s PoR.
– OKX stores the majority of its reserves in highly secure off-chain cold storage.
– OKX has seen hundreds of thousands of users engage with its PoR since launching in late 2022.
– Current reserve ratios for BTC, ETH, and USDT are at 103%.
OKX emphasizes the importance of sustained and consistent disclosures of reserves and liabilities in the industry. The exchange will continue to publish monthly PoR reports and provide a self-audit tool for users to verify OKX’s solvency while maintaining their privacy.
Hot Take: OKX Sets Industry Standard with Consecutive Monthly Proof of Reserves
OKX’s ninth consecutive monthly Proof of Reserves report showcases the exchange’s commitment to transparency and accountability. By exceeding a reserve ratio of 100% across 22 digital assets, including BTC, ETH, and USDT, OKX sets the industry standard for maintaining solvency. The use of off-chain cold storage for the majority of reserves ensures high security for users. OKX’s sustained and consistent disclosures demonstrate its unwavering commitment to transparency. As the exchange continues to provide monthly PoR reports and self-audit tools, users can have confidence in the backing of their assets by OKX reserves.
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