3. Oktober 2023

OKX Releases 9th Industry-Leading Proof of Reserves Valued at USD$11.3B

• OKX has released its ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in BTC, ETH and USDT.
• The PoR covers 22 digital assets and OKX has maintained a reserve ratio exceeding 100% for nine consecutive months across all those assets.
• OKX provides an open-source verification tool to enable users to independently verify its solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.

OKX Releases Industry Leading 9th Consecutive Proof of Reserves

OKX, a leading crypto exchange by trading volume and Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR). This PoR covers 22 commonly used digital assets, including BTC, ETH and USDT, which had a combined balance of USD$11.3 billion.

Consistent Reserve Ratio Exceeding 100% for 9 Months

OKX’s reserve ratio exceeded 100% for nine consecutive months across all the assets covered in the PoR, demonstrating its commitment to transparency and accountability in the industry. The majority of the reserves are stored securely in off-chain cold storage to ensure robust security for users‘ funds.

Self Audit Tool Providing Privacy & Transparency

In addition to providing public snapshots of its asset flows, OKX also offers a self-audit tool that allows users to independently verify OKX’s solvency and confirm that their own assets are backed by OKX reserves while still protecting their privacy. Since it first launched this page late 2022, hundreds of thousands have engaged with it already.

Current Reserve Ratios

The current reserve ratios as reported in July 2023 are as follows: BTC: 103%, ETH: 103%, USDT: 103%. With these ratios being consistently above 100%, users can be sure that their funds on the platform are safe with OKX.

Continuing Commitment To Transparency & Accountability

Going forward, OKX will continue to publish its monthly PoR reports as well as provide an open-source verification tool so that users can check its solvency any time they want without having to sacrifice privacy or security.