OKX Continues to Lead in Trust and Transparency with 18th Consecutive Proof of Reserves, Amounting to USD22.3 Billion
April 25 2024 - 4:00AM
OKX, a leading global Web3 technology company and crypto exchange,
today announced that it has published its 18th consecutive Proof of
Reserves (PoR) report, showcasing USD22.3 billion in primary assets
backing user funds.
OKX's PoR report illustrates the reserve ratios of
the 22 most commonly traded assets on the OKX 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. Consistent with
OKX's previous reports, its 18th PoR demonstrates over 100% reserve
ratios for all these assets, assuring users that their funds are
backed 1:1.
Here are the current reserve ratios for OKX's
primary assets:
OKX Global Chief Commercial Officer Lennix
Lai said: "At OKX, our mission is to equip users with the
tools they need to confidently navigate this evolving financial
landscape. Our 18th consecutive PoR speaks to OKX's strong
commitment to building transparency and trust in the crypto space.
As global crypto adoption accelerates, bolstered by public
awareness due to institutional adoption and the halving, mechanisms
like PoR, which enhance transparency and security, will be critical
in giving peace of mind to new users."
Since the inception of OKX's PoR program,
continuous improvements have been made based on user feedback. This
commitment to excellence has led to recognition by blockchain
expert Nic Carter, who rated OKX's PoR program as the highest among
major exchanges. In 2023, OKX introduced the Zero-Knowledge
Scalable Transparent Argument of Knowledge (zk-STARK) technology to
its PoR process. This technology empowers users to independently
verify the solvency of the exchange and confirm that their assets
are fully backed by OKX's reserves, all without compromising their
privacy.
To view and interact with OKX's PoR, please click
here.
For further information, please
contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and
innovative Web3 company. Trusted by more than 50 million global
users, OKX is known for being one of the fastest and most reliable
crypto apps in the world.
As a top partner of English Premier League
champions Manchester City FC, McLaren Formula 1 and Olympian Scotty
James OKX aims to supercharge the fan experience with new
engagement opportunities. OKX is also the top partner of the
Tribeca Festival as part of an initiative to bring more creators
into web3.
The OKX Wallet is the platform's latest offering
for people looking to explore the world of NFTs and the metaverse
while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and
publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or
visit: okx.com
Disclaimer