Our 23rd Proof of Reserves Snapshot: USD19.4 Billion in Primary Assets Backing Customer Funds

OKX Learn

Published on Sep 27, 2024

Updated on Sep 27, 2024

2 min read

Our 23rd consecutive Proof of Reserves (PoR) report is now live, confirming USD19.4 billion in primary assets backing customer funds.

Key highlights of our PoR:

This month, we optimized our PoR process, reducing the proof file size from 2.55GB to 598KB for faster, more efficient verification
Maintained over 100% reserve ratios for 22 of the most frequently traded assets on our platform, including BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH
Nearly 2 million customers have utilized our PoR tool
Published 950,000 public wallet addresses this month
Continued use of Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) in our PoR process for enhanced privacy
Our open-source PoR tool is available on GitHub for third-party verification

Current reserve ratios for primary assets:

BTC: 104%
ETH: 102%
USDT: 106%
USDC: 101%

As we approach the two-year milestone of our PoR program, we remain committed to upholding rigorous standards of transparency. We invite our customers and the broader crypto community to review our latest PoR and utilize our verification tools.

Disclaimer

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