OKX demonstrates commitment to transparency with $22.4B Proof of Reserves
OKX demonstrates commitment to transparency with $22.4B Proof of Reserves
OKX has published its 20th monthly Proof of Reserves (PoR) report, revealing figures for primary assets backing client funds.
This commitment to transparency is exemplified by the use of advanced cryptographic technology, Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK), ensuring asset verification without compromising user privacy. zk-STARK lets anyone check the total amount of assets held by the platform without revealing any user-specific data, which helps OKX keep client information safe and secure.
Over 1.65 million clients have verified their assets on a 1:1 basis. This month's PoR report includes 628,484 public wallet addresses. As with past PoR reports, the exchange maintains reserve ratios of above 100% for 22 of the most commonly traded assets on the platform: 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:
- BTC: 104%
- ETH: 102%
- USDT: 107%
- USDC: 102%.
OKX's proactive stance on PoR has positioned it as a leader in the industry, emphasizing trust and security. Their innovative approach was highlighted in recent discussions at the DC Blockchain Summit and an X Spaces session featuring industry experts.
As the crypto market continues to evolve, OKX’s dedication to transparency could set new standards for trust in digital asset exchanges.
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