In an official statement, Cryptocurrency Exchange OKX announced that it has released its 34th certificate report.
OKX Release 34th Reservation Certification Report: $33.7 billion Asset Confirmed
According to the report, the reserve ratio of the 22 different crypto assets listed on the platform was over 100%, with the reserve ratios of major assets Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USDcoin (USDC) recorded at 106%, 104%, 105% and 100%, respectively. The total amount of these four assets reached $33.7 billion ($33,700,118,320).
The exchange has announced that OKX is the first exchange in the industry to publish a continuous booking report for over two years. Initially, the platform provided transparency reports for only three assets, has been extended to a comprehensive Rhof-of-Reserves system that includes 22 cryptocurrencies.
It also highlighted that OKX is continuously improving its POR process. The system, first launched at Merkle Tree Technology, was later enhanced across the Merkle Tree model and later enhanced with a ZK-Stark-based solution.
In this way, users’ funds are secured through independent verification, ensuring the highest level of transparency of the asset.
Experts point out that regular publication of OKX’s POR reports is an important step to build trust in the industry and increase user trust in exchanges.
*This is not investment advice.
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