OKX released the 13th issue of POR: The reserve ratio of 22 listed cryptocurrencies exceeds 100%

ChainCatcher news, OKX has released its proof of reserves for the 13th consecutive month, with the reserve ratio of 22 publicly listed coins exceeding 100%. Among them, the reserve ratios for BTC, ETH, USDT, and USDC are 103%, 103%, 102%, and 104%, respectively, with a total value of 14.5 billion USD.

It is reported that OKX is committed to enhancing the transparency of its POR to meet traditional financial audit standards, thereby continuously leading the industry in safety and transparency. Over the past year, OKX has adhered to releasing POR monthly, gradually increasing the number of publicly listed coins from 3 to 22, publishing over 220,000 public wallet addresses, and maintaining a reserve ratio exceeding 100% for 12 consecutive months. The POR system has been continuously upgraded through technologies such as Merkle trees, comprehensive Merkle trees, and zk-STARK, achieving multiple milestones and becoming the first exchange in the industry to complete the one-year milestone of POR. Under the premise of protecting privacy, users can independently verify OKX's solvency at any time, which has been rated by blockchain expert Nic Carter as the highest level of POR quality representing mainstream exchanges.