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Proof of Reserves

Our 19th Proof of Reserves: USD22.5 Billion in Primary Assets and Nearly 700,000 Public Wallet Addresses Published

Published on May 29, 2024

Updated on May 29, 2024

We're happy to announce the release of our 19th consecutive Proof of Reserves (PoR) report, showcasing USD22.5 billion in primary assets backing customer funds.

In line with our commitment to transparency and accountability in the crypto space, we have published over 680,000 public wallet addresses this month. This allows our customers and the wider community to independently verify the platform's reserves. To date, over 1.5 million customers have viewed and verified that their assets on our platform are backed 1:1.

Consistent with our previous PoR reports, our 19th PoR demonstrates over 100% reserve ratios for the 22 most commonly traded assets on our platform: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH.

Current reserve ratios for primary assets:

BTC: 104%
ETH: 103%
USDT: 102%
USDC: 102%

As a strong advocate for PoR, we've been actively contributing to discussions on the role of PoR in enhancing trust and transparency in the crypto industry. On May 3, we hosted an X Spaces session on PoR featuring leading industry voices, including our Global Chief Commercial Officer Lennix Lai and Chief Marketing Officer Haider Rafique, Castle Island Ventures Founding Partner Nic Carter, Crypto Analyst and Influencer James Parker, and Crypto Educator and Advocate Joe Nakamoto.

In addition, our Chief Innovation Officer Jason Lau recently participated in a PoR-themed panel at DC Blockchain Summit, which seeks to bring together global blockchain advocates and thought leaders. During the panel, Jason discussed how PoR - powered by cutting-edge innovations such as zk-STARK technology - can support sustainable growth in the industry.

To view and interact with our PoR, please click here.

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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