Cryptocurrency exchange OKX published its fourth monthly Proof of Reserves (PoR) revealing $8.6 billion held by the exchange in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
According to the report, the current OKX reserve ratios are BTC: 104%, ETH: 104%, and USDT: 102%. Over 90,000 unique users viewed Proof of Liabilities, while over 175,000 unique users visited OKX’s Proof of Reserves website.
As per data from a CryptoQuant, OKX has the largest 100% clean asset reserves out of all the major exchanges. In accordance with its dedication to transparency, OKX will keep releasing PoR on a monthly basis.
With its Merkle Tree PoR program, OKX has made more than 23,000 addresses available, and it will keep using these addresses to make asset flows visible to the general public.
OKX Managing Director of Financial Markets Lennix Lai stated “Our data shows that hundreds of thousands of our users have taken an active interest in viewing our historical reserves and using open-source tools to verify their liabilities are included. Proof of Reserves is far from a niche topic – it is of vital importance to building user trust and we are dedicated to ensuring OKX shows continued leadership in this area.”
