OKX PoR two-year anniversary: Continuing monthly releases, reserve ratio has exceeded 100% for 24 consecutive months

2024-11-01 10:26:58
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ChainCatcher news, OKX released the 24th proof of reserves on October 31, marking OKX as the first cryptocurrency exchange in the industry to achieve two years of POR publication. During these two years, OKX has consistently published PoR monthly, with the reserve ratio exceeding 100% for 24 consecutive months, and the number of publicly listed currencies increasing from 3 to 22. The PoR system has been continuously upgraded through technologies such as Merkle trees, full-view Merkle trees, and zk-STARK, setting multiple milestones. Recently, OKX POR also completed an efficiency upgrade, reducing the proof document size for user verification from 2.55GB to 598KB.

According to the OKX 24th POR report, the reserve ratios for BTC, ETH, USDT, and USDC are 104%, 102%, 106%, and 100% respectively, with a total value of $20.3 billion. 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 representing the highest level of PoR quality among mainstream exchanges.

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