OKX Releases Industry Leading 9th Consecutive Proof of Reserves in July, Showing USD$11.3 billion in Primary Assets

OKX, a leading crypto exchange by trading volumeand Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in BTC, ETH and USDT.

OKX’s PoR covers 22 commonly used digital assets and demonstrates that OKX has maintained a reserve ratio exceeding 100% for nine consecutive months across all those assets.In addition to BTC, ETH and USDT, the assets included in OKX’s PoR are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, and UNI.OKX stores the majority of its reserves in highly secure off-chain cold storage and has seen hundreds of thousands of users engage with its PoR,visit its self-audit page, and view its subsequent PoRs since So, it launched in the late 2022.

It’s current reserve ratios are as follows: BTC (100.02%), ETH (141.02%), USDT (102.56%), USDC (101.26%), XRP (100.44%), DOGE (99.72%), SOL (101.92%), OKB (101.41), APT (101.36%), DASH (100.33%), DOT (101.10%), ELF (100.99%), EOS (101.20%), ETC (101.13%), FIL (94.89%), LINK (101.33%), LTC (101.38%), OKT (101.14%), PEOPLE (99.64%), TON (200.39%), TRX (102.09%) and UNI (66.58%).

OKX is commited to transparency and security, and publishes the latest PoR Report every month, allowing users to tview its reserve ratios, security tools,and to independently verify the solvency of OKX through an open-source,private verification tool.

OKX is dedicated to having users explore the world of NFT and the metaverse while trading digital assets? with an evangelil approach, the platform partners with elite institutions such as English Premier League champions Manchester City FC, McLaren Formule 1, Olympics silver medalist Scotty James, and australian F1 driver Daniel Ricciardo in order to provide its fans with engaging experiences. In addition, OKX is the top partner of the Tribeca Film Festival as part of an initiative to bring more creators into the cutting Big blockchain edge technology.

Download the OKX app to explore the world of disruptive finance and trader DeFi and GameFi tokens through OKX’s exchange and latest offering,the OKX wallet.

DISCL AMER:

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

Robert Wilson author
Articles: 12200