NEWSROOM

OKX, the world's second-largest crypto exchange and Web3 technology company by trading volume, has 11.3 billion USD worth of BTC, ETH and USDT balances in its reserves, according to its ninth monthly Proof of Reserve (PoR) Report released today.

Covering 22 widely used digital assets, OKX's Proof of Reserve (PoR) report shows that OKX has maintained a reserve ratio of over 100% for all these assets for nine consecutive months. In addition to BTC, ETH and USDT, the assets shown in OKX's Proof of Reserve Report are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC , OKT, PEOPLE, TON, TRX and UNI.

OKX stores most of its reserves in off-chain cold storage, which provides the highest level of security. Since it was first published in late 2022, hundreds of thousands of users have visited OKX's PoR page to view their own audit reports.
OKX's current reserve ratios are as follows:

• BTC: 103%
• ETH: 103%
• USDT: 103%

Lennix Lai, Chief Commercial Officer of OKX, said in a statement:

“To ensure long-term accountability in our sector, it is essential that both reserves and debts are publicly disclosed. However, instantaneous statements of reserve assets do not make much sense because of the importance of continuity and consistency in the publication of these reports. At OKX, we are proud to be a pioneer in this field, and this month we have proven our reserves for all major assets, more than any other exchange, for the ninth consecutive year.” 

OKX, which also offers a self-audit tool accessible to all users, will continue to publish monthly PoR reports. This open-source verification tool; allows users to independently verify OKX's solvency and confirm that their assets are held in OKX reserves while protecting their privacy.

Having already published more than 210,000 addresses under its Proof of Reserve (PoR) program, OKX will continue to allow anyone to view asset flows.