Dubai, the UAE, December 20, 2023 -- OKX, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly Proof of Reserves (PoR) report, demonstrating USD14.9 billion in primary assets backing user funds.
OKX's PoR report provides a comprehensive overview of the reserve ratios for 22 of the most commonly used assets on the platform. Its 14th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, ensuring full backing of user funds.
The current reserve ratios for OKX's primary assets are as follows:
BTC: 103%
ETH: 104%
USDT: 103%
USDC: 101%
OKX Global Chief Commercial Officer Lennix Lai said: "Our monthly Proof of Reserves reports demonstrate our ongoing commitment to providing a platform - and trading experience - that is secure, reliable and trustworthy. OKX aims to continue setting an industry standard for transparency by providing users with the tools and resources to verify reserves in real-time."
OKX recently added USDC to its PoR report's "primary asset" figure. This inclusion acknowledges the growing prominence of Circle Internet Financial's (Circle) stablecoin on the exchange.
Renowned blockchain expert Nic Carter recently recognized OKX with the highest quality rating among major exchanges. This acknowledgment further solidifies OKX's position as a leader in the crypto industry and reaffirms its continuous commitment to transparency and user trust.
Users can view OKX's latest PoR report, reserve ratios and verify the exchange's solvency here.
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