OKX has released its 9th reserve proof: the reserve ratio of 22 listed coins exceeds 100%.
2023-07-26 07:06
Odaily News: OKX, the European easy-to-use cryptocurrency exchange, has officially released its 9th Proof of Reserves (PoR) report. The reserve rates for 22 listed cryptocurrencies all exceed 100%, with BTC, ETH, and USDT having a reserve rate of 103%. The total value of the reserves is estimated to be $11.3 billion.
It is reported that OKX is committed to improving the transparency of PoR to meet traditional financial auditing standards and continues to lead the industry in security and transparency. It is one of the few mainstream crypto exchanges that releases monthly Proof of Reserve reports. OKX has also upgraded its PoR system with innovative technologies like zk-STARK, allowing users to independently verify its solvency at any time.
It is reported that OKX is committed to improving the transparency of PoR to meet traditional financial auditing standards and continues to lead the industry in security and transparency. It is one of the few mainstream crypto exchanges that releases monthly Proof of Reserve reports. OKX has also upgraded its PoR system with innovative technologies like zk-STARK, allowing users to independently verify its solvency at any time.
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