OKX Publishes 35th Proof of Reserves With Full Asset Coverage

The exchange reports 100% or higher reserves for 22 cryptocurrencies, totaling over $33 billion, and marks two years of continuous transparency reporting.

BTC
ETH
USDT

Summary

OKX has issued its 35th Proof of Reserves (PoR) report, confirming that all 22 disclosed cryptocurrencies have reserve ratios at or above 100%. Key assets include BTC at 105%, ETH at 103%, USDT at 105%, and USDC at 100%, collectively valued at $33.13 billion. OKX has maintained continuous monthly PoR releases for two years, expanding from 3 to 22 asset types. It employs technologies such as Merkle tree, full-view Merkle tree, and zk-STARK to enhance transparency and verify holdings.

Terms & Concepts
  • Proof of Reserves (PoR): A method used by cryptocurrency exchanges to demonstrate they hold sufficient assets to match customer deposits.
  • Merkle Tree: A cryptographic data structure that enables efficient and secure verification of large datasets, often used in blockchain systems.
  • zk-STARK: A zero-knowledge proof technology that allows verification of computations without revealing underlying data, enhancing privacy and security.