OKX Releases 33rd Proof of Reserve with 100% Ratios for 22 Cryptocurrencies

With $28.8 billion in assets, OKX's latest report reveals a trend of Bitcoin withdrawals and increasing Ethereum deposits, hinting at evolving market dynamics.

BTC

ETH

USDT

276d ago

Summary

OKX's 33rd Proof of Reserve (PoR) shows all 22 listed cryptocurrencies maintain a 100% reserve ratio, totaling approximately $28.8 billion. Bitcoin withdrawals are ongoing while Ethereum deposits are on the rise, indicating potential shifts in market behavior. The PoR details BTC at 106%, ETH at 101%, USDT at 103%, and USDC at 100%. OKX has consistently released PoRs monthly for over two years, employing technologies like Merkle trees and zk-STARK for transparency.

Terms & Concepts

Proof of Reserve (PoR): A method used by cryptocurrency exchanges to demonstrate that they hold sufficient assets to cover customer deposits.
Merkle trees: A data structure used in computer science and cryptography to efficiently verify the integrity of data.
zk-STARK: Zero-Knowledge Scalable Transparent Arguments of Knowledge, a cryptographic proof that allows one party to prove to another that a statement is true without revealing any information beyond the validity of the statement.