OKX, the world’s second-largest cryptocurrency exchange by trading volume, has published its third monthly Proof of Reserves (PoR) report, showcasing $7.5 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) holdings. This reaffirms OKX’s position as the leader in 100% clean asset reserves among major exchanges, as verified by third-party data.
Key Features of the Updated PoR Report
- Enhanced Asset Balance Dashboard: Users can now view detailed calculations of their total assets across BTC, ETH, and USDT-denominated products.
- Transparency Tools: Reserve ratios for historical and new data are publicly accessible, with self-verification options via trustless tools on OKX’s platform.
- Clean Asset Verification: Blockchain analytics firm CryptoQuant confirms OKX’s reserves are 100% clean, excluding exchange tokens and comprising only high-market-cap assets like BTC, ETH, and USDT.
Reserve Ratios (January 2023)
OKX maintains 1:1 reserves with the following ratios:
| Asset | Reserve Ratio |
|-------|--------------|
| BTC | 105% |
| ETH | 105% |
| USDT | 101% |
Commitment to Transparency
OKX has published over 23,000 addresses for its Merkle tree-based PoR program, enabling public tracking of asset flows. The protocol is open-source and available on GitHub. Additional holdings can be monitored via the OKX Nansen Dashboard.
👉 Explore OKX’s Proof-of-Reserves in Detail
Haider Rafique, OKX Chief Marketing Officer, emphasized:
"Security and transparency are foundational to OKX. Our monthly PoR publications set an industry standard, and our reserve quality differentiates us in the market."
What Is Proof of Reserves?
Proof of Reserves (PoR) verifies that a custodian (e.g., OKX) holds the assets it claims for users. OKX’s Merkle tree method ensures:
- Users can validate their balances within the total reserves.
- On-chain wallet balances match OKX’s published totals.
About OKX
OKX is a leading Web3 technology company, operating the second-largest global crypto exchange by trading volume. Its ecosystem includes:
- OKX Wallet: A self-custody solution for decentralized apps (DeFi, NFTs, GameFi).
- Partnerships: Manchester City FC, McLaren F1, and top athletes like Daniel Ricciardo.
The company commits to monthly PoR audits to uphold trust.
👉 Visit OKX for More Information
FAQ
Q: How often does OKX publish Proof of Reserves?
A: Monthly, as part of its transparency commitment.
Q: What defines a "clean" reserve asset?
A: Assets verified by third parties (e.g., CryptoQuant) to exclude exchange tokens and consist solely of high-liquidity cryptocurrencies like BTC, ETH, or USDT.
Q: Can users verify OKX’s reserves independently?
A: Yes, via trustless tools on OKX’s website and its open-source Merkle tree protocol.
Q: What’s OKX’s reserve ratio for BTC?
A: 105% as of January 2023, exceeding 1:1 backing.
Disclaimer: This content is informational only. Digital assets carry risks; conduct independent research before investing.
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