News

OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets

OKX, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly Proof of Reserves (PoR) report, demonstrating USD14.9 billion in primary assets backing user funds.

OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves

OKXs PoR report provides a comprehensive overview of the reserve ratios for 22 of the most commonly used assets on the platform. Its 14th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, ensuring full backing of user funds.

The current reserve ratios for OKXs primary assets are as follows:

  • BTC: 103%

  • ETH: 104%

  • USDT: 103%

  • USDC: 101%

OKX Global Chief Commercial Officer Lennix Lai said, “Our monthly Proof of Reserves reports demonstrate our ongoing commitment to providing a platform – and trading experience – that is secure, reliable and trustworthy. OKX aims to continue setting an industry standard for transparency by providing users with the tools and resources to verify reserves in real-time.”

OKX recently added USDC to its PoR reports “primary asset” figure. This inclusion acknowledges the growing prominence of Circle Internet Financials (Circle) stablecoin on the exchange.

Renowned blockchain expert Nic Carter recently recognized OKX with the highest quality rating among major exchanges. This acknowledgment further solidifies OKXs position as a leader in the crypto industry and reaffirms its continuous commitment to transparency and user trust.

Users can view OKXs latest PoR report, reserve ratios and verify the exchanges solvency here.

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platforms latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer.

This content comes to you under an arrangement with NewsVoir. Source

Related posts

World Trade Center Utah and IIRF’s India Trade Mission 2024 Spurs Bilateral Relations and Sectoral Collaborations

admin

Cooperative Sugar Mills Release Rs. 62 Crore to Sugarcane Farmers: Sukhjinder Singh Randhawa

admin

World Auto Forum Awards Announced, WAF Stars Steal the Show

admin

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.