KEY TAKEAWAYS
- OKX’s 26th Proof of Reserves report highlights a 106% growth in primary assets since December 2023, reaching USD 30.8 billion.
- The report shows reserve ratios of 105% for Bitcoin, 102% for Ethereum and Tether, and 100% for USD Coin.
- Over two million users have engaged with OKX’s PoR verification tool, emphasizing transparency and trust in the platform.
OKX has announced its 26th Proof of Reserves (PoR) report, marking a significant milestone in its ongoing commitment to transparency and security within the digital asset sector. The latest report, which was released as 2024 comes to a close, reveals substantial growth in the company’s primary assets.
The report indicates that OKX’s total primary assets have reached USD 30.8 billion, reflecting a 15% increase month-over-month and a remarkable 106% growth since December 2023. The current reserve ratios for primary assets stand at 105% for Bitcoin (BTC), 102% for Ethereum (ETH), 102% for Tether (USDT), and 100% for USD Coin (USDC).
Significant Developments in the Crypto Space
This month’s PoR report coincides with notable developments in the cryptocurrency market, including Bitcoin surpassing the historic milestone of USD 108,000. In this context, OKX’s PoR program continues to deliver the transparency and security that users demand.
OKX’s PoR initiative operates alongside a comprehensive security infrastructure. This includes a multi-billion-dollar insurance fund, AI-powered blockchain monitoring systems, and advanced encryption protocols, all designed to meet the highest institutional standards.
Growing User Engagement with PoR Verification
Over two million users have now utilized OKX’s PoR verification tool, reflecting the industry’s ethos of “don’t trust, verify.” This tool allows users to independently verify the reserves, enhancing trust and transparency in the platform’s operations.
For more details on OKX’s security measures, visit their official page.
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