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Our 23rd Proof of Reserves Snapshot: USD19.4 Billion in Primary Assets Backing Customer Funds

OKX Learn

Published on Sep 27, 2024

Updated on Sep 27, 2024

2 min read

Our 23rd consecutive Proof of Reserves (PoR) report is now live, confirming USD19.4 billion in primary assets backing customer funds.

Key highlights of our PoR:

This month, we optimized our PoR process, reducing the proof file size from 2.55GB to 598KB for faster, more efficient verification
Maintained over 100% reserve ratios for 22 of the most frequently 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
Nearly 2 million customers have utilized our PoR tool
Published 950,000 public wallet addresses this month
Continued use of Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) in our PoR process for enhanced privacy
Our open-source PoR tool is available on GitHub for third-party verification

Current reserve ratios for primary assets:

BTC: 104%
ETH: 102%
USDT: 106%
USDC: 101%

As we approach the two-year milestone of our PoR program, we remain committed to upholding rigorous standards of transparency. We invite our customers and the broader crypto community to review our latest PoR and utilize our verification tools.

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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