Cryptocurrency exchange OKX announced in its official statement that it has published its 34th Proof of Reserves report.
OKX Releases 34th Proof of Reserves Report: $33.7 Billion in Assets Verified
According to the report, the reserve ratio of 22 different crypto assets listed on the platform has surpassed 100%, with the reserve ratios for major assets Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) recorded at 106%, 104%, 105%, and 100%, respectively. The total value of these four assets has reached $33.7 billion ($33,700,118,320).
The exchange announced that OKX is the first exchange in the industry to publish a continuous Proof of Reserves report for over two consecutive years. Initially offering transparency reports for only three assets, the platform has now expanded to a comprehensive proof-of-reserves system encompassing 22 cryptocurrencies.
It was also emphasized that OKX is continuously improving its PoR process. Initially launched with Merkle Tree technology, the system was later enhanced with the full Merkle Tree model and later with zk-STARK-based solutions.
In this way, users’ funds are secured through independent verification and asset transparency is ensured at the highest level.
Experts point out that OKX’s regular publication of PoR reports is a critical step that builds trust in the industry and increases users’ confidence in the exchange.
*This is not investment advice.
