OKX announced the 10th edition of the Reserves Proof: the reserve ratios of 22 listed currencies all exceed 100%.
2023-08-30 09:16:25
Odaily News - OKX has officially released the 10th Reserves Proof (PoR). The reserve ratio of 22 listed coins is over 100%, with BTC, ETH, and USDT having reserve ratios of 102%, 102%, and 103% respectively. The total value of the three coins is estimated at $10.4 billion.
It is reported that OKX is committed to enhancing the transparency of PoR to traditional financial audit standards, leading the industry in security and transparency. OKX is one of the few mainstream crypto exchanges that release monthly reserves proof. The PoR system has been upgraded with innovative technologies such as zk-STARK, allowing users to independently verify OKX's solvency at any time.
It is reported that OKX is committed to enhancing the transparency of PoR to traditional financial audit standards, leading the industry in security and transparency. OKX is one of the few mainstream crypto exchanges that release monthly reserves proof. The PoR system has been upgraded with innovative technologies such as zk-STARK, allowing users to independently verify OKX's solvency at any time.
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