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
Digital assets, including stablecoins, 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 and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
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