KEY TAKEAWAYS
- OKX releases its 25th Proof of Reserves report, highlighting $26.7 billion in primary assets backing customer funds.
- The report shows a 32% increase in wallet holdings for Bitcoin, Ethereum, Tether, and USD Coin, driven by gains in BTC and ETH.
- OKX maintains over 100% reserve ratios for 22 frequently traded assets, ensuring transparency and security.
- Over two million customers have used OKX’s PoR verification tool, promoting the ethos of ‘don’t trust, verify.’
OKX has released its 25th Proof of Reserves (PoR) report, showcasing $26.7 billion in primary assets backing customer funds. This milestone follows the exchange’s celebration of two years of consecutive monthly PoR reports, underscoring its commitment to transparency in the digital asset sector.
The latest report highlights significant growth in primary assets, with overall wallet holdings for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) recording a 32% increase. This growth was primarily driven by strong gains in BTC and ETH, while stablecoins USDT and USDC showed steady growth.
OKX maintains over 100% reserve ratios for 22 of its most frequently traded assets. The current reserve ratios for primary assets are as follows: BTC at 104%, ETH at 102%, USDT at 104%, and USDC at 100%.
Security Measures and Customer Engagement
The PoR program is part of OKX’s broader security infrastructure, which includes a multi-billion-dollar insurance fund, AI-powered security tools for blockchain monitoring, and comprehensive encryption systems. These measures are designed to protect customer assets and enhance security.
OKX has also reported that over two million customers have utilized its PoR verification tool. The exchange encourages all customers to verify their assets through its platform, aligning with the crypto ethos of “don’t trust, verify.” More details about their security measures can be found here.
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