OKX's 20th Monthly Proof of Reserves Showcases USD22.4 Billion in Primary Assets Backing Customer Funds
2024年6月27日 - 5:00PM
OKX, a leading global Web3 technology company and crypto exchange,
today announced the release of its 20th consecutive Proof of
Reserves (PoR) report, showcasing USD22.4 billion in primary assets
backing customer funds.
OKX is among the few exchanges that regularly publish PoR
reports each month, demonstrating its continued commitment to
raising the bar for trust and transparency in the industry. To
date, more than 1.65 million customers have checked and confirmed
that their assets on OKX are backed on a 1:1 basis. This month's
PoR report features the publication of 628,484 public wallet
addresses.
As with its previous PoR reports, OKX maintains over 100%
reserve ratios for 22 of the most frequently traded assets on its
platform: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF,
EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH.
The current reserve ratios for OKX's primary assets are as
follows:
- BTC: 104%
- ETH: 102%
- USDT: 107%
- USDC: 102%
OKX Global Chief Commercial Officer Lennix Lai
said: "Our monthly PoR reflects our dedication to offering
customers real-time, verifiable information about their assets.
These reports serve as a testament to our commitment to open
communication with customers and the larger crypto community. Our
aim is for our ongoing attestations to inspire industry-wide
transparency as we move towards the next phase of adoption, and we
remain committed to publishing PoR reports indefinitely."
OKX's use of Zero-Knowledge Scalable Transparent Argument of
Knowledge (zk-STARK) technology - a cryptographic proof technology
based on Vitalik's idea to enforce the integrity and privacy of
computations on blockchains - in its PoR process sets it apart.
This innovative technology allows anyone to independently verify
the total amount of assets held by OKX without revealing any
user-specific data, bolstering privacy and security.
As a strong advocate for PoR, OKX has been actively contributing
to discussions on the role of PoR in enhancing trust and
transparency in the crypto industry. Last month, OKX Chief
Innovation Officer Jason Lau shared insights on PoR's role in
industry growth at the DC Blockchain Summit. OKX also recently
hosted an X Spaces session on PoR, featuring leading industry
voices, including OKX Global Chief Commercial Officer Lennix Lai
and Chief Marketing Officer Haider Rafique, Castle Island Ventures
Founding Partner Nic Carter, Crypto Analyst and Influencer James
Parker, and Crypto Educator and Advocate Joe Nakamoto.
For further information, please contact: Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3
company. Trusted by more than 50 million global users, OKX is known
for being one of the fastest and most reliable crypto apps in the
world.
As a top partner of English Premier League champions Manchester
City FC, McLaren Formula 1 and Olympian Scotty James, 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.
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.
OKX also regularly publishes articles, accessible via OKX
Learn. These articles provide readers with in-depth analyses
of all cryptocurrencies, including factors
influencing Bitcoin prices and Ethereum prices.
To learn more about OKX, download our app or
visit: okx.com
Disclaimer