Digital assets firm OKX has released their 22nd consecutive Proof of Reserves (PoR) report, which confirms USD19.8 billion in primary assets backing customer funds.
To date, more than 1.8 million customers have reportedly “viewed and used their PoR tool to confirm their assets are backed 1:1.”
OKX further noted that they continue “to maintain over 100% reserve ratios for 22 of the most commonly traded assets on our platform, including BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH.”
The current reserve ratios for primary assets on our platform are as follows:
- BTC: 105%
- ETH: 101%
- USDT: 105%
- USDC: 100%
OKX also shared that they “continue to utilize Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology in their PoR process.”
According to the update from OKX, this enables anyone to “independently verify the total amount of assets held by our platform without revealing any user-specific data.”
OKX added that they are dedicated “to maintaining their monthly PoR release schedule and continuously improving our PoR process based on customer feedback.”
For those interested in reviewing the technical details, their PoR tool’s source code is available in our GitHub repository.
Founded in 2017, OKX claims to be “one of the world’s leading cryptocurrency spot and derivatives exchanges.”
OKX innovatively adopted blockchain technology “to reshape the financial ecosystem by offering some of the most diverse and sophisticated products, solutions, and trading tools on the market.”
“Trusted” by more than 50 million users in over 180 regions globally, OKX strives to provide an engaging platform “that empowers every individual to explore the world of crypto.”
In addition to its DeFi exchange, OKX serves its users “with OKX Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry.”
With its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world of financial access “backed by blockchain and the power of decentralized finance.”
