OKX's 16th Consecutive Proof of Reserves Report: USD17.7 Billion in Primary Assets
DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
- DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
- OKX included Bitcoin Cash (BCH) in its PoR report for the first time in January 2024.
- Reiterating the consistency of previous reports, OKX's 16th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, thereby ensuring that user funds are backed on a 1:1 basis.
- Since the inception of the program, OKX has integrated various updates and improvements to its PoR based on user feedback.