The leading global cryptocurrency exchange, OKX has released its 10th consecutive monthly Proof of Reserves (PoR) report.
The report, shows that OKX holds 100% of the reserves for 22 cryptocurrencies, including Bitcoin, Ethereum, Tether, and USD Coin. The reserves were held in cold storage, which is a secure way to store cryptocurrency offline.
The report also shows that OKX has increased its reserves by 10% since the previous month. This is a sign that the exchange is growing and is committed to transparency.
With its August PoR, OKX has become the only major crypto exchange to release ten consecutive monthly PoR reports.
“We are committed to providing our users with the highest level of transparency,” said Lennix Lai, Global Chief Commercial Officer of OKX. “Our PoR reports are an important part of that commitment. We believe that it is important for users to know that their funds are safe and secure.”
The PoR report is available on the OKX website. It can be verified by anyone using a public key.
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