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Continuing to Lead in Trust and Transparency with Our 18th Consecutive Proof of Reserves, Amounting to USD22.3 Billion

OKX Learn

Published on Apr 25, 2024

Updated on Jun 03, 2024

2 min read

Today, we're happy to announce that we have published our 18th consecutive Proof of Reserves (PoR) report, showcasing USD22.3 billion in primary assets backing user funds.

Our PoR report illustrates the reserve ratios of the 22 most commonly traded assets on our platform, including 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 18th PoR demonstrates over 100% reserve ratios for all these assets, assuring users that their funds are backed 1:1.

Here are the current reserve ratios for our primary assets:

BTC: 103%
ETH: 104%
USDT: 104%
USDC: 103%

Since the inception of our PoR program, continuous improvements have been made based on user feedback. This commitment to excellence has led to recognition by blockchain expert Nic Carter, who rated our PoR program as the highest among major exchanges.

In 2023, we introduced the Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology to our PoR process. This technology empowers users to independently verify the solvency of the exchange and confirm that their assets are fully backed by our reserves, all without compromising their privacy.

To view and interact with our PoR, please click here.

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
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