OKX, a global Web3 technology company and crypto exchange, recently announced the publication of its 14th monthly Proof of Reserves (PoR) report, reportedly “demonstrating USD14.9 billion in primary assets backing user funds.”
OKX‘s PoR report provides “a comprehensive overview of the reserve ratios for 22 of the most commonly used assets on the platform.”
Its 14th consecutive monthly PoR report reportedly “reveals reserve ratios of over 100% for all of these assets, ensuring full backing of user funds.”
For more details on this update, check here.
OKX Global Chief Commercial Officer Lennix Lai said:
“Our monthly Proof of Reserves reports demonstrate our ongoing commitment to providing a platform – and trading experience – that is secure, reliable and trustworthy. OKX aims to continue setting an industry standard for transparency by providing users with the tools and resources to verify reserves in real-time.”
OKX recently added USDC to its PoR report’s “primary asset” figure.
This inclusion acknowledges “the growing prominence of Circle Internet Financial’s (Circle) stablecoin on the exchange.”
Blockchain professional Nic Carter recently recognized OKX “with the highest quality rating among major exchanges.”
In another recent update, it was noted that OKX launched its ‘Solana Learn and Earn’ campaign, offering users the opportunity “to claim a share in a 527 SOL prize pool. This represents the first “learn and earn” experience within the OKX app.”
Beginning on December 22, 2023 at 08:00 (UTC) and ending on January 5, 2024 at 08:00 (UTC), this campaign “will reward the first 10,000 eligible users who do the following tasks via the OKX app with 0.0527 SOL tokens.”
SOL rewards will be “distributed on a first-come, first-served basis, while supplies last. Winners will be automatically enrolled into a 30-day On-chain Earn subscription, with SOL rewards available in the ‘Grow’ section of each winner’s OKX app within 30 days after the campaign ends on January 5, 2024. OKX’s On-chain Earn product allows eligible users to earn rewards for participating in Proof-of-Stake (PoS) staking and DeFi protocols.”
OKX also recently introduced “a new upgrade that enables its Web3 wallet users to list Solana NFTs on three marketplaces: OKX NFT Marketplace, Magic Eden and Tensor.”
With this upgrade, OKX aims to “provide users with increased exposure, flexibility and a more streamlined listing process, as well as enable artists and creators to showcase their NFTs to a wider audience.”