OKX Celebrates One Year of Monthly Proof of Reserves with $12.5 Billion in Primary Assets

OKX, a leading global Web3 technology company and cryptocurrency exchange, has published its 12th consecutive monthly Proof of Reserves (PoR) report, showcasing $12.5 billion in primary assets backing user funds. This milestone marks one year of industry-leading transparency, setting new benchmarks for crypto exchanges worldwide.

Key Achievements Over the Past Year

Zero-Knowledge Proofs & Merkle Tree Technology: Enhanced privacy and verifability.
22 Supported Assets: Expanded coverage beyond BTC, ETH, and stablecoins.
100%+ Reserve Ratios: Consistently maintained for all assets.
Industry Recognition: Highest quality PoR rating by blockchain expert Nic Carter.

Reserve Ratios (October 2023)

Asset	Reserve Ratio
BTC	103%
ETH	103%
USDT	103%

👉 Verify OKX’s Proof of Reserves

Evolution of OKX’s Proof of Reserves

November 2022: Launched as one of the first major exchanges to adopt PoR.
March 2023: Upgraded to Merkle Tree technology for public liability verification.
April 2023: Integrated zk-STARKs for trustless solvency checks.
September 2023: Earned top-ranked PoR quality by Nic Carter.

Why Proof of Reserves Matters

User Trust: Independent verification tools ensure asset backing.
Industry Standards: Momentum grows with proposed U.S. PROOF Act mandating PoR.
Transparency: Over 220,000 wallet addresses publicly auditable.

"Our PoR sets the standard for a crypto industry built on trust and transparency."
— Haider Rafique, OKX Chief Marketing Officer.

FAQ

Q: How often does OKX publish Proof of Reserves?
A: Monthly, with 12 reports completed to date.

Q: Can users verify reserves independently?
A: Yes, via open-source tools on OKX’s PoR page.

Q: Which assets are covered?
A: 22 assets, including BTC, ETH, USDT, SOL, and XRP.

👉 Explore OKX’s Transparency Initiatives

Looking Ahead

OKX remains committed to advancing PoR innovations, reinforcing its role as a trusted leader in the crypto ecosystem. For the latest report and reserve data, visit OKX’s Proof of Reserves.

Disclaimer: This content is informational only and does not constitute financial advice. Crypto assets involve risk; ensure suitability for your financial situation.