Hong Kong, November 28, 2023 — Leading global Web3 technology company and crypto exchange OKX has published its 13th consecutive monthly Proof of Reserves (PoR) report, revealing $14.5 billion in primary asset reserves and over 1 million user verifications since launching the initiative in late 2022.
Key Findings from OKX's Latest PoR Report
100%+ Reserve Ratios maintained for 22 major assets including:
- BTC (103%)
- ETH (103%)
- USDT (102%)
- USDC (104%)
- $14.5B Total Reserves across primary exchange assets
- 13 Months of Transparency with consistently published reports
Enhanced Features in November's Report
OKX now includes USDC in its "primary assets" calculation, reflecting the growing importance of Circle's stablecoin. This follows September's integration of advanced USDC features in:
👉 OKX Wallet
👉 OKX DEX aggregator
Commitment to Industry-Leading Transparency
Lennix Lai, OKX Global Chief Commercial Officer, stated:
"Our Proof of Reserves reports continue setting the standard for industry transparency. By incorporating user feedback and technological innovations like zk-STARK verification, we demonstrate our unwavering commitment to building the most secure crypto platform."
Technological Advancements
- zk-STARK Integration (April 2023): Enables private user verification of exchange solvency
- Independent Validation: Received top-tier evaluation from blockchain expert Nic Carter
Why Proof of Reserves Matters
- User Confidence: 1:1 asset backing verified by users
- Industry Leadership: OKX advocates for PoR standardization
- Continuous Improvement: Monthly updates with new features
FAQ Section
Q: How often does OKX publish reserve reports?
A: Monthly for 13 consecutive months and counting.
Q: Can users independently verify reserves?
A: Yes, through OKX's zk-STARK powered verification system.
Q: What assets are included?
A: 22 major cryptocurrencies with 100%+ reserve ratios.
Q: Where can I view the full report?
👉 Access the complete PoR report here
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