OKX reached highest reserve proof with $22.3 billion

Cryptocurrency exchange OKX reached $22.3 billion in proof of reserves, according to its eighteenth consecutive Monthly Proof of Reserve (PoR) report.

Proof of asset reserves has gained ground in the crypto industry. After the FTX bankruptcy, cryptocurrency exchanges regained confidence with proof of existence.

Focusing on the future of the Web3 ecosystem and attracting attention in the crypto industry, OKX holds $22.3 billion in reserves of user assets, according to the PoR report.

OKX presented reserve ratios covering the most traded assets in its Monthly Proof of Reserve (PoR) report. The data includes the most preferred cryptocurrencies on the platform: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX. , covered UNI and BCH.

Continuing the stability of previous reports, OKX stated in its latest monthly PoR report that over 100 percent reserve ratio for all assets was maintained for the eighteenth time. The report showed that assets were held in a 1:1 ratio.

According to OKX's latest report, the current reserve ratio for main assets is as follows:

BTC: 103 percent

ETH: 104 percent

USDT: 104 percent

USDC: 103 percent

Lennix Lai, OKX's Chief Commercial Officer, stated the following in his statement: “As OKX, our mission is to equip our users with the tools they need to move with peace of mind in this evolving financial environment. Our 18th consecutive PoR report shows that we remain true to our commitment to raising standards and transparency in the crypto space. While crypto is becoming more widely adopted globally, with institutional use cases and factors such as the BTC halving increasing public awareness, mechanisms such as PoR, which raise standards and increase transparency in the sector, are becoming increasingly important in shaping the preferences of new users. #Binance #OKX #SEC #DEX