As we close out 2024, we're proud to announce our 26th Proof of Reserves (PoR) report, marking another milestone in our commitment to transparency and security in the digital asset space.
This month's report shows:
Total primary assets: USD30.8 billion
Month-over-month growth: 15%
Growth since December 2023: 106%
Current reserve ratios for primary assets:
BTC: 105%
ETH: 102%
USDT: 102%
USDC: 100%
This month's report coincides with significant developments in the crypto space, including Bitcoin recently crossing the historic milestone of USD108,000. Against this backdrop, our PoR program continues to provide the transparency and security that people using our app demand.
Our PoR program operates alongside our comprehensive security infrastructure, which includes our multi-billion-dollar insurance fund*, AI-powered blockchain monitoring systems, and state-of-the-art encryption protocols. Together, these elements create a security framework that meets the highest standards of institutional requirements.
We're particularly encouraged to see that over two million people have now utilized our PoR verification tool, embodying the industry's ethos of "don't trust, verify."
Learn more about our security measures at okx.com/landingpage/beyond-proof-of-reserves
*Insurance fund available in specific markets only
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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.
