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Cryptocurrency exchange OKX has released its 32nd Proof of Reserves (PoR) report. According to the report, the reserve ratio for 22 different publicly available crypto assets was 100% or higher in order to ensure transparency on the platform.
OKX’s 32nd Proof of Reserves Report: Total Value of BTC, ETH, USDT and USDC Exceeds $28.46 Billion
The reserve ratios for the four prominent assets were announced as follows:
- Bitcoin (BTC): 105%
- Ethereum (ETH): 101%
- Tether (USDT): 102%
- USD Coin (USDC): 101%
The total value of these four assets was recorded as approximately $28.46 billion.
OKX continues to be the first global crypto exchange to publish proof of reserves continuously for over two years. The company started with just three assets and expanded its PoR system to 22 assets over time.
To strengthen its proof-of-reserve system, OKX has continuously improved its infrastructure by integrating advanced cryptographic techniques such as the Merkle tree, the extended Merkle view, and most recently, zk-STARK.
The exchange emphasizes that the aim of regular PoR broadcasts is to increase user security and maximize asset transparency on the platform. OKX argues that this approach increases confidence that user assets are truly available and should become the industry standard.
*This is not investment advice.