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Our 26th Proof of Reserves: USD30.8 billion backing customer funds, up 106% this year

OKX Learn

Published on Dec 31, 2024

Updated on Jan 03, 2025

2 min read

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

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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