August PoR Highlights $10.4 Billion in BTC, ETH, and USDT Reserves
OKX, a premier global Web3 technology company and cryptocurrency exchange, has unveiled its 10th consecutive monthly Proof of Reserves (PoR), reinforcing its commitment to transparency. The August 2023 report confirms $10.4 billion in reserves for BTC, ETH, and USDT, maintaining a reserve ratio above 100% for all 22 audited assets.
Community Validation: Transparency Matters
Recent Twitter polls conducted by OKX revealed:
- 84% of respondents deem monthly PoR reports "somewhat" or "very important."
- 88% prioritize transparency when selecting a crypto platform.
👉 Explore OKX’s Proof of Reserves
Key Metrics from August PoR
- BTC Reserve Ratio: 102%
- ETH Reserve Ratio: 102%
- USDT Reserve Ratio: 103%
Additional assets covered include USDC, XRP, SOL, and 19 others, with reserve ratios publicly verifiable via OKX’s open-source tool.
Voices from OKX Leadership
Lennix Lai, Global Chief Commercial Officer:
"Ten consecutive PoR reports reflect our unwavering transparency, driving a 38% surge in assets under management. User feedback underscores the demand for accountability—OKX will continue pioneering tools to bolster trust."
How OKX’s PoR Works
Users can:
- Self-Audit: Verify individual asset backing via OKX’s PoR page.
- Track Addresses: Access 210,000+ public wallet addresses for real-time asset flows.
FAQ: Proof of Reserves Explained
Q1: Why is Proof of Reserves critical for crypto exchanges?
A1: PoR ensures exchanges hold sufficient assets to cover user balances, mitigating counterparty risks and fostering trust through transparency.
Q2: How does OKX’s PoR differ from competitors?
A2: OKX is the only major exchange to publish ten consecutive monthly PoRs with reserve ratios exceeding 100% for all audited assets.
Q3: Can users independently verify OKX’s reserves?
A3: Yes! OKX provides open-source tools and public wallet addresses for real-time verification without compromising privacy.
Q4: What assets are included in OKX’s PoR?
A4: Beyond BTC/ETH/USDT, OKX audits 19 additional assets like XRP, SOL, and DOT—22 in total.
Looking Ahead: OKX’s Transparency Pledge
With ISO/IEC 27001:2022 certification and global expansions into Spain, Germany, and Poland, OKX remains at the forefront of secure, user-centric crypto innovation.
Disclaimer: This content is informational only. Digital assets involve risks; consult a financial advisor before investing.
© 2025 OKX. Reproduced with permission.
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