This page is for information purposes only. Certain services and features may not be available in your jurisdiction.

Our 21st Monthly Proof of Reserves Reveals USD19.8 Billion in Primary Assets, Featuring 702,188 Published Wallet Addresses

OKX Learn

Published on Jul 25, 2024

Updated on Aug 08, 2024

2 min read

We're happy to announce the release of our 21st consecutive Proof of Reserves (PoR) report, confirming USD19.8 billion in primary assets backing customer funds.

To date, 1.7 million customers have viewed and verified that their assets are fully backed on our platform.

As one of the few exchanges that publishes PoR reports monthly, we continue to underscore our commitment to regular reporting, transparency and accountability. This month's PoR report features the publication of 702,188 public wallet addresses.

We're also one of the only exchanges to use state-of-the-art Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology in its PoR process. This allows anyone to independently verify the total amount of assets held by our platform without revealing any user-specific data, enhancing privacy and security.

We continue to maintain over 100% reserve ratios for 22 of the most frequently traded assets on its platform. The current reserve ratios for primary assets on our platform are:

BTC: 104%
ETH: 102%
USDT: 106%
USDC: 100%

This announcement follows our recent achievement of SOC 1 Type 2 compliance, underscoring that our policies and processes for protecting customer data meet the highest global standards. Examples of these policies and processes include our monthly PoR and the implementation of advanced encryption technologies.

In line with our dedication to industry-wide transparency, our PoR tool is open-source, welcoming feedback from the wider community. To use or review our PoR source code, 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.
© 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.

Expand