‘OKX proof of reserve report’ published by OKX was found to be 100% clean.
OKX Proof of Reserve Report of Third
OKX, the world’s second-largest exchange by trading volume, recently published its third monthly report. According to the published data, OKX Exchange has a reserve of $7.5 billion for Bitcoin alone. According to third-party data, it also has the title of the exchange with the largest 100% clean asset reserve among its competitors.
The OKX exchange has added several new features to its proof of reserve report released this month. One of these new features is a more detailed balance dashboard that allows you to see how the total assets of products expressed in BTC, ETH, and USDT are calculated.
100% Clean Asset Reserve
In OKX Proof of reserve analyses, assets are considered clean in OKX Proof of Reserve when an exchange determines that they are composed solely of “traditional” crypto assets with high market capitalization, such as BTC, ETH, and USDT, and do not include platform tokens. CryptoQuant, a blockchain analytics firm, analyzes Proof of reserve reports published across the industry. According to the firm, OKX’s reserve assets were found to be 100% clean.
As with OKX Exchange’s previously published proof of reserve reports, users can review new and historical data in OKX’s January proof of reserve report on the exchange’s official website. Reserves and liabilities can also be self-verified with unreliable tools on OKX’s website.
Haider Rafique, OKX marketing manager, said:“Security, transparency and trust are core tenets of the OKX business process and customer service philosophy. We’ve already taken a leadership position by publishing our PoR monthly. As industry standards for PoR continue to take shape, we expect that our reserve asset quality will be one of many key differentiating factors for OKX in the market.”
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