Today, we're happy to announce that we have published our 18th consecutive Proof of Reserves (PoR) report, showcasing USD22.3 billion in primary assets backing user funds.
Our PoR report illustrates the reserve ratios of the 22 most commonly traded assets on our platform, including BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH. Consistent with our previous reports, our 18th PoR demonstrates over 100% reserve ratios for all these assets, assuring users that their funds are backed 1:1.
Here are the current reserve ratios for our primary assets:
BTC: 103%
ETH: 104%
USDT: 104%
USDC: 103%
Since the inception of our PoR program, continuous improvements have been made based on user feedback. This commitment to excellence has led to recognition by blockchain expert Nic Carter, who rated our PoR program as the highest among major exchanges.
In 2023, we introduced the Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology to our PoR process. This technology empowers users to independently verify the solvency of the exchange and confirm that their assets are fully backed by our reserves, all without compromising their privacy.
To view and interact with our PoR, please click here.
Digital assets, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
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