Our 21st Monthly Proof of Reserves Reveals USD19.8 Billion in Primary Assets, Featuring 702,188 Published Wallet Addresses

OKX Learn

Published on Jul 25, 2024

Updated on Aug 08, 2024

2 min read

We're happy to announce the release of our 21st consecutive Proof of Reserves (PoR) report, confirming USD19.8 billion in primary assets backing customer funds.

To date, 1.7 million customers have viewed and verified that their assets are fully backed on our platform.

As one of the few exchanges that publishes PoR reports monthly, we continue to underscore our commitment to regular reporting, transparency and accountability. This month's PoR report features the publication of 702,188 public wallet addresses.

We're also one of the only exchanges to use state-of-the-art Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology in its PoR process. This allows anyone to independently verify the total amount of assets held by our platform without revealing any user-specific data, enhancing privacy and security.

We continue to maintain over 100% reserve ratios for 22 of the most frequently traded assets on its platform. The current reserve ratios for primary assets on our platform are:

BTC: 104%
ETH: 102%
USDT: 106%
USDC: 100%

This announcement follows our recent achievement of SOC 1 Type 2 compliance, underscoring that our policies and processes for protecting customer data meet the highest global standards. Examples of these policies and processes include our monthly PoR and the implementation of advanced encryption technologies.

In line with our dedication to industry-wide transparency, our PoR tool is open-source, welcoming feedback from the wider community. To use or review our PoR source code, click here.

Disclaimer

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