HONG KONG SAR – OKX, a leading global cryptocurrency exchange and Web3 innovator, has released its eighth consecutive monthly Proof of Reserves (PoR), demonstrating $11.3 billion in BTC, ETH, and USDT reserves. This reaffirms OKX’s commitment to transparency and trust in the digital asset industry.
Key Highlights of OKX’s Proof of Reserves
- Reserve Ratios Exceeding 100% for eight straight months.
- 22 Supported Assets, including major cryptocurrencies like USDC, XRP, SOL, and LINK.
- Cold Storage Security: Majority of reserves held in off-chain cold wallets for maximum protection.
Reserve Ratios Breakdown
| Asset | Reserve Ratio |
|---|---|
| BTC | 103% |
| ETH | 103% |
| USDT | 103% |
Why Proof of Reserves Matters
OKX’s PoR program empowers users to independently verify the exchange’s solvency through:
- Open-source verification tools (post April 2023 zk-STARK integration).
- Publicly viewable addresses (210,000+ published to date).
- Self-audit functionality for real-time asset backing checks.
Leadership Perspective
Lennix Lai, OKX Global CCO, emphasized:
"Security and transparency are non-negotiable. Our monthly PoR audits set a new industry benchmark, giving users unparalleled confidence in their asset security."
Future Commitments
OKX will continue:
- Monthly PoR releases with expanded asset coverage.
- zk-STARK enhancements for privacy-preserving audits.
- Public asset flow disclosures for full transparency.
FAQ Section
Q1: How does OKX’s Proof of Reserves work?
A: OKX publishes cryptographic snapshots of user holdings and matching reserves, allowing anyone to verify asset backing via open-source tools.
Q2: Why are cold wallets used for reserves?
A: Cold storage minimizes hacking risks by keeping assets offline while ensuring quick accessibility for withdrawals.
Q3: Can I audit OKX’s reserves myself?
A: Yes. Use OKX’s self-audit tool to confirm solvency without compromising privacy.
Q4: What makes zk-STARK technology special?
A: It enables scalable, private verification without exposing sensitive user data—a first for exchange PoR programs.
👉 Explore OKX’s Transparency Measures
Disclaimer: This content is informational only and not financial advice. Digital assets carry risks; assess your financial capacity before trading.