OKX to Publish Proof of Reserves Every Month: Ensuring Transparency in the Crypto Market
In a bid to increase transparency after the 2025 market headwind, crypto exchange OKX has continued to publish its Proof of Reserves (PoR) every month, showing its dedication to safeguarding user funds. OKX published its second Proof-of-Reserve today and will continue publishing it monthly. The world’s second-largest crypto exchange by trading volume, OKX, has published its second Proof-of-Reserves (PoR) on its website.
DUBAI, United Arab Emirates, Decem - OKX, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly Proof of Reserves (PoR). This ongoing commitment provides users with verifiable assurance of their assets held on the platform.
Audited by major web3 security auditor Hacken, the crypto exchange boasts on-chain reserves of over 100% of assets held across 22 cryptocurrencies, with the exception of certain less-traded altcoins. The firm’s Merkle tree PoR initiative covers three major assets: BTC, ETH and USDT, and extends to other cryptocurrencies regularly.
How to Verify OKX's Proof of Reserves:
To verify OKX's reserve ratio, compare the total assets held in OKX's on-chain wallets to the total account assets from the Merkle root. If the total on-chain asset balance equals or exceeds the total account asset balance, the reserve ratio will confirm that OKX has Proof of Reserves.
Key Takeaways:
- OKX publishes a Proof of Reserves report every month.
- The report provides a snapshot of OKX's reserve ratio.
- Users can verify their assets are included in the PoR report.
Stay informed and confident with OKX's commitment to transparency and security.