OKX released the 19th issue of PoR: The reserve ratio of 22 publicly listed cryptocurrencies exceeds 100%

2024-05-29 16:19:35

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ChainCatcher news, on May 29, OKX released the 19th proof of reserves, with the reserve ratio of 22 publicly listed cryptocurrencies exceeding 100%. Among them, the reserve ratios for BTC, ETH, USDT, and USDC are 104%, 103%, 102%, and 102%, respectively, with a total value of $22,450,807,887.

It is reported that OKX is committed to enhancing the transparency of PoR to meet traditional financial audit standards, thereby continuously leading the industry in safety and transparency. OKX insists on releasing PoR monthly, with the reserve ratio exceeding 100% for 19 consecutive months, and the number of publicly listed cryptocurrencies increasing from 3 to 22. The PoR system has been continuously upgraded through technologies such as Merkle trees, comprehensive Merkle trees, and zk-STARK, setting multiple milestones. 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.

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