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Our 25th Proof of Reserves: USD26.7 billion in primary assets backing customer funds, up 32%

We've just published our 25th Proof of Reserves (PoR) report, demonstrating USD26.7 billion in primary assets backing customer funds.

This month's report shows:

  • Significant growth in primary assets, with overall wallet holdings for BTC, ETH, USDT and USDC recording a 32% increase, led by strong gains in BTC and ETH, while stablecoins USDT and USDC showed steady growth

  • Over 100% reserve ratios maintained for 22 of our most frequently traded assets

  • Current reserve ratios for primary assets:

    • BTC: 104%

    • ETH: 102%

    • USDT: 104%

    • USDC: 100%

Our PoR program works alongside other security measures, including our multi-billion-dollar insurance fund*, AI-powered security tools for blockchain monitoring and comprehensive encryption systems. These elements form part of our broader security infrastructure designed to protect customer assets.

Last month, we celebrated two years of consecutive monthly PoR reports, reinforcing our position as one of the few exchanges committed to consistent transparency reporting in the digital asset space.

We're pleased to see that over two million customers have now used our PoR verification tool. We encourage all customers to verify their assets through our platform, supporting crypto's ethos of "don't trust, verify."

Learn more about our security measures at okx.com/landingpage/beyond-proof-of-reserves

*Insurance Fund available in specific markets only

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© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
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