OKX Achieves Ninth Consecutive Monthly Proof of Reserves with USD$11.3 Billion in BTC, ETH, and USDT

OKX Achieves Ninth Consecutive Monthly Proof of Reserves with USD$11.3 Billion in BTC, ETH, and USDT

OKX, a prominent global crypto exchange and cutting-edge Web3 technology company, has once again showcased its industry-leading prowess by publishing its ninth consecutive monthly Proof of Reserves (PoR). This latest PoR reveals an impressive balance of USD$11.3 billion in BTC, ETH, and USDT, solidifying OKX’s position as a top player in the crypto trading world.

The comprehensive PoR encompasses a diverse array of 22 commonly used digital assets, offering a clear demonstration of OKX’s commitment to maintaining a reserve ratio that exceeds 100% across all these assets for a remarkable nine consecutive months. Among the assets included in the PoR are popular cryptocurrencies like BTC, ETH, and USDT, as well as other well-known tokens such as USDC, XRP, DOGE, SOL, and many more.

To ensure utmost security, OKX wisely stores the majority of its reserves in highly secure off-chain cold storage, safeguarding users’ assets from potential risks. This commitment to safety has garnered substantial engagement, with hundreds of thousands of users actively participating in OKX’s PoR program, exploring its PoR page, and conducting self-audits since its inception in late 2022.

Speaking on the significance of transparency, Lennix Lai, the OKX Global Chief Commercial Officer, emphasizes the importance of sustained and consistent disclosures over point-in-time attestations. As a beacon of transparency in the industry, OKX leads the way in monthly PoR reporting, outperforming other top exchanges with its continuous commitment to openness.

OKX’s dedication to transparency extends to providing a self-audit tool to all users, empowering them to independently verify the platform’s solvency and confirm that their assets are securely backed by OKX reserves, all while maintaining their privacy. The implementation of an open-source verification tool further solidifies OKX’s credibility in the eyes of its vast user base.

Moreover, OKX goes above and beyond by publishing over 210,000 addresses as part of its PoR program, inviting the public to view the asset flows and fostering an environment of trust and accountability.

Beyond its exceptional exchange services, OKX continues to make remarkable strides in the crypto landscape. Trusted by over 50 million global users, OKX is renowned for its unwavering commitment to speed, reliability, and security, making it the preferred choice for crypto traders worldwide.

As a visionary partner of esteemed entities like Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX spearheads initiatives to enhance the fan experience through innovative engagement opportunities. Embracing its role as the top partner of the prestigious Tribeca Festival, OKX actively contributes to expanding web3’s reach by involving more creators in this transformative space.

Not limiting itself to the exchange domain, OKX introduces the OKX Wallet, a pioneering platform that allows users to delve into the world of NFTs and the ever-evolving metaverse while seamlessly trading GameFi and DeFi tokens.

In conclusion, OKX continues to set new benchmarks in the crypto exchange landscape, driven by its commitment to transparency, security, and user satisfaction. With its monthly PoR reporting and unwavering dedication to empowering users, OKX emerges as a trailblazer, bridging the gap between traditional finance and the thrilling world of cryptocurrencies. For those seeking a reliable and forward-thinking crypto trading experience, OKX remains the ultimate destination to explore the limitless possibilities of digital assets.

To learn more about OKX and embark on your crypto journey, download the app or visit: okx.com.

About OKX

OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com