We're happy to announce the release of our 19th consecutive Proof of Reserves (PoR) report, showcasing USD22.5 billion in primary assets backing customer funds.
In line with our commitment to transparency and accountability in the crypto space, we have published over 680,000 public wallet addresses this month. This allows our customers and the wider community to independently verify the platform's reserves. To date, over 1.5 million customers have viewed and verified that their assets on our platform are backed 1:1.
Consistent with our previous PoR reports, our 19th PoR demonstrates over 100% reserve ratios for the 22 most commonly 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.
Current reserve ratios for primary assets:
BTC: 104%
ETH: 103%
USDT: 102%
USDC: 102%
As a strong advocate for PoR, we've been actively contributing to discussions on the role of PoR in enhancing trust and transparency in the crypto industry. On May 3, we hosted an X Spaces session on PoR featuring leading industry voices, including our Global Chief Commercial Officer Lennix Lai and Chief Marketing Officer Haider Rafique, Castle Island Ventures Founding Partner Nic Carter, Crypto Analyst and Influencer James Parker, and Crypto Educator and Advocate Joe Nakamoto.
In addition, our Chief Innovation Officer Jason Lau recently participated in a PoR-themed panel at DC Blockchain Summit, which seeks to bring together global blockchain advocates and thought leaders. During the panel, Jason discussed how PoR - powered by cutting-edge innovations such as zk-STARK technology - can support sustainable growth in the industry.
To view and interact with our PoR, please click here.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
