OKX Advances Transparency with Updated Reserve Proof
On February 23, OKX officially released its 40th Proof-of-Reserves (PoR) report. The latest data shows reserve ratios for BTC, ETH, USDT, and USDC at 106%, 103%, 109%, and 101% respectively. Based on asset valuations at the time of verification, these four major cryptocurrencies accounted for a combined reserve value exceeding $26.8 billion.
Three-Year Milestone and Technological Evolution
Since launching monthly PoR reports in 2020, OKX has become the first exchange to complete over three years of continuous PoR publications. Over this period, the number of supported cryptocurrencies in the PoR system grew from 3 to 22. Additionally, OKX has consistently enhanced its PoR framework by integrating advanced cryptographic methods, including Merkle Trees, Full Merkle Trees, and zk-STARKs. These upgrades have significantly improved verification efficiency and overall transparency.
Driving Trust Through Transparency
In an industry marked by increasing regulatory scrutiny, OKX’s sustained commitment to transparency has reinforced its reputation for asset security and user trust. By regularly disclosing reserve data, OKX continues to play a pivotal role in advancing transparency standards across the digital asset ecosystem.