OKX 16th POR: BTC, ETH, USDC and USDT reserves reach $17.7 billion

Today, the OKX cryptocurrency exchange released its 16th Proof of Reserve (PoR). The reserve ratios of the 22 public currencies are all over 100%, BTC’s reserve ratio is 103%, while the reserve ratios of ETH and USDC are both 104%. Additionally, USDT has a reserve ratio of 105% and a total value of $17.7 billion.

OKX’s goal is to improve the transparency of POR and bring it up to traditional financial auditing standards. To this end, OKX regularly verifies the ownership and total assets of its on-chain wallet addresses and verifies the OKX platform’s asset reserve rate by comparing the total assets of exchange users with the total assets in published on-chain wallet addresses. This move helps ensure OKX continues to lead the industry in security and transparency.

OKX Global Chief Commercial Officer Lennix Lai emphasized OKX’s commitment to maintaining transparency and ensuring the security of user assets. He pointed out that in the competition in the cryptocurrency field, OKX has always been committed to maintaining the two core values ​​of transparency and user asset security. He specifically mentioned that OKX has published 16 consecutive PoR reports, which proves their commitment to continuously strive to maintain high standards. These efforts not only reflect OKX's professionalism, but also inspire them to continuously improve their standards and provide users with better services and a safer trading environment.

OKX stated that the platform will continue to release POR on a monthly basis in the future. The reserve ratio has exceeded 100% for 16 consecutive months. The number of public currencies has increased from 3 to 22, and has been successively approved by Merck Technologies such as Ertree, Panoramic Merkel Tree, and zk-STARK have continuously upgraded the POR system and set multiple milestones.

OKX emphasizes that while ensuring user privacy, users can independently verify OKX’s solvency at any time. Blockchain expert Nic Carter believes that OKX represents the highest level of POR quality for mainstream exchanges.

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