Our 25th Proof of Reserves: USD26.7 billion in primary assets backing customer funds, up 32%

OKX Learn

Published on Nov 29, 2024

Updated on Nov 30, 2024

2 min read

We've just published our 25th Proof of Reserves (PoR) report, demonstrating USD26.7 billion in primary assets backing customer funds. Last month, we celebrated two years of consecutive monthly PoR reports, reinforcing our position as one of the few exchanges committed to consistent transparency in the digital asset space.

This month's report shows:

Significant growth in primary assets, with overall wallet holdings for BTC, ETH, USDT and USDC recording a 32% increase, led by strong gains in BTC and ETH, while stablecoins USDT and USDC showed steady growth
Over 100% reserve ratios maintained for 22 of our most frequently traded assets
Current reserve ratios for primary assets:
- BTC: 104%
- ETH: 102%
- USDT: 104%
- USDC: 100%

Our PoR program works alongside other security measures, including our multi-billion-dollar insurance fund*, AI-powered security tools for blockchain monitoring and comprehensive encryption systems. These elements form part of our broader security infrastructure designed to protect customer assets.

Last month, we celebrated two years of consecutive monthly PoR reports, reinforcing our position as one of the few exchanges committed to consistent transparency reporting in the digital asset space.

We're pleased to see that over two million customers have now used our PoR verification tool. We encourage all customers to verify their assets through our platform, supporting crypto's ethos of "don't trust, verify."

Learn more about our security measures at okx.com/landingpage/beyond-proof-of-reserves

*Insurance Fund available in specific markets only

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
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