Since its creation, OKX has placed security and transparency at the heart of its values. Every month, it commits to publishing a Proof of Reserves (PoR) report. OKX has just released its fourth proof of reserves and the figures are rather reassuring.
OKX has the largest 100% own reserves
In terms of transaction volume, OKX ranks second in the ranking of the best crypto exchanges. More importantly, it holds the largest pools of own assets (traditional crypto assets with large market caps). In any case, this is what the proof of reserves report made public on February 20 shows.
This is the fourth proof of monthly reserves released by OKX and it presents more than reassuring figures. According this documentthe crypto exchange today holds $8.6 billion in crypto broken down as follows:
- Bitcoin: 104%
- ETH: 104%
- USDT: 102%
THE PoR report details are even accessible to the general public.
If we refer to the proof of reserves report published by OKX in January, the crypto exchange’s own assets have increased significantly. $7.5 billion in January, compared to $8.6 billion in February. Something to reassure users!
The exchange will continue to publish monthly PoRs
Since its release, the February PoR report has been viewed by more than 175,000 unique users. For OKX, this means that the customers of the crypto exchange take a particular interest in the data. This applies to both platform assets and holdings.
OKX’s Chief Financial Markets Officer, Lennix Lai, has spoken on this point. “We are proud to continue monthly publication of our proof of reserves in accordance with our unwavering commitment to transparency and trust here at OKX,” he said.
While some argue that the proof of reserves would have no value, it constitutes a real guarantee of reliability for others. It is in any case one of the important things that we retain from this approach of OKX.
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