Our 17th Consecutive Proof of Reserves: USD22.1 Billion in Primary Assets
Today, we're excited to announce the release of our latest Proof of Reserves (PoR) report, demonstrating a total of USD22.1 billion in primary assets backing user funds.
This represents our 17th consecutive month of publishing Proof of Reserves (PoR) reports, which highlight the reserve ratios of the 22 most frequently traded assets on our platform: 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 our previous reports, our 17th PoR reveals reserve ratios of over 100% for all these assets, providing assurance that user funds are backed 1:1.
The current reserve ratios for our primary assets are as follows:
BTC: 102%
ETH: 104%
USDT: 106%
USDC: 110%
Our Global Chief Commercial Officer, Lennix Lai, said: "Our 17th consecutive PoR reinforces our commitment to trust-building and transparency in the crypto ecosystem. As global crypto adoption accelerates, we believe mechanisms like PoR, which aim to enhance security and transparency, will play a critical role in onboarding the next wave of users. At OKX, we remain dedicated to providing users with trustworthy tools to navigate the new financial landscape confidently."
Since we began our program, we have introduced various updates and improvements to our PoR based on user feedback, earning the highest quality rating among major exchanges by blockchain expert Nic Carter. In 2023, we integrated the Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology into our PoR process. This technology allows users to independently verify the solvency of our exchange while ensuring the backing of their assets by the reserves, without compromising on privacy.
Users can view and interact with our PoR here.
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