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Our 22nd Proof of Reserves Report: USD19.8 Billion in Primary Assets Backing Customer Funds

OKX Learn

Published on Aug 26, 2024

Updated on Aug 27, 2024

2 min read

We've just published our 22nd consecutive Proof of Reserves (PoR) report, which confirms USD19.8 billion in primary assets backing customer funds.

To date, more than 1.8 million customers have viewed and used our PoR tool to confirm their assets are backed 1:1. We continue to maintain over 100% reserve ratios for 22 of the 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.

The current reserve ratios for primary assets on our platform are as follows:

BTC: 105%
ETH: 101%
USDT: 105%
USDC: 100%

We continue to utilize Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology in our PoR process. This enables anyone to independently verify the total amount of assets held by our platform without revealing any user-specific data.

We're dedicated to maintaining our monthly PoR release schedule and continuously improving our PoR process based on customer feedback. For those interested in reviewing the technical details, our PoR tool's source code is available in our GitHub repository.

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, 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. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
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