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According to the August POR Report, OKX has 10.4 billion USD worth of BTC, ETH and USDT balances in its reserves.

TURKEY - According to online PoR surveys, 84% of respondents find PoR “important” or “very important” and up to 88% of respondents cite transparency as an important factor when choosing a crypto platform.

Global technology company and crypto exchange OKX, which has played a leading role in building the future of the Web3 ecosystem, has 10.4 billion USD worth of core assets in its reserves, according to its industry-leading monthly Proof of Reserve (PoR) Report, the tenth of which is published today.

Due to its 10th consecutive PoR report, OKX conducted two Twitter surveys to learn about the online community's views on the importance of PoR and transparency. The survey results showed that 84% of respondents said monthly PoR reports were “important” or “very important” and 88% said transparency was an “important” or “very important” factor when choosing a crypto platform they could trust. Along with the August Report, OKX has become the only crypto exchange to publish ten consecutive monthly PoR reports.

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

OKX's current reserve ratios are as follows:

BTC: 102%
ETH: 102%
USDT: 103%

“OKX’s tenth consecutive monthly PoR snapshot coincided with a 38% increase in assets managed at OKX,” said Lennix Lai, Chief Commercial Officer, OKX. This shows that our heavy focus on transparency resonates with users. We asked our users how vital PoR and transparency on exchanges are to them, and the results were as expected; users keep asking for monthly PoR and more transparency. At OKX, we value the opinions of our users and will continue to invest in security and transparency tools in the future to maintain the trust of our users in us.”

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. This open-source verification tool. It allows users to independently verify OKX's solvency and confirm that their assets are held in OKX reserves while protecting their privacy.