OKX Publishes 34th Proof of Reserves Report Confirming $33.7 Billion in Assets

OKX's latest Proof of Reserves report reveals a 100% reserve ratio across 22 assets, including BTC, ETH, USDT, and USDC, while incorporating Merkle Trees and zk-STARK technology for enhanced transparency.

BTC

ETH

USDT

201d ago

Summary

OKX has confirmed a 100% reserve ratio for 22 assets, including Bitcoin, Ethereum, USDT, and USDC, amounting to $33.7 billion in total. The exchange has maintained monthly Proof of Reserves reports for over two years, with ongoing system upgrades utilizing Merkle Trees and zk-STARK technology to ensure enhanced transparency and privacy.

Terms & Concepts

Proof of Reserves (PoR): A verification method used by crypto exchanges to demonstrate they hold sufficient assets to cover user deposits.
Merkle Tree: A cryptographic structure that enables efficient and secure verification of large data sets, commonly used in blockchain systems.
zk-STARK: A zero-knowledge proof protocol that ensures data validity without revealing underlying information, enhancing privacy and scalability.