OKX offers its guarantees regarding Proof of Reserves
In continuous progress towards greater transparency and operating with integrity, OKX has released its 12th Proof of Reserves (PoR) report, an important step in highlighting the platform’s financial health and commitment to users.
OKX, registered in Seychelles, disclosed collateral worth approximately $12.5 billion, demonstrating the strength and stability of user funds and backed assets.
The report is an achievement that demonstrates OKX's continued commitment to enhancing trust and transparency, as the company's reserves included 22 major digital assets including Ethereum, Bitcoin, and Tether.
The report confirmed that the platform has consistently maintained a reserve ratio of more than 100% across all of these assets for 12 consecutive months.
Breaking down the latest numbers, the report shows how OKX was able to achieve a reserve ratio of 103% for the three main assets which include Ethereum, Bitcoin and Tether.
The report analyzed the fluctuations witnessed in the volume of assets held, such as recording a 4.49% decrease in Bitcoin holdings, and a 3.5% increase in Ethereum holdings.
Haider Rafiq, Chief Marketing Officer at OKX, expressed his great pride in the achievements achieved, stressing the importance of transparency and continuous improvement through the use of advanced technologies such as “zero knowledge” technology.
The report also shed light on the current market challenges, as a decline in trading volume was recorded on central trading platforms in general, which highlights the need for continued development and innovation in this field to ensure the provision of distinguished and effective services to users.
Posted Using InLeo Alpha