OKX, the second-largest cryptocurrency exchange measured by trading activity and a major Web3 technology business, has now revealed its 4th monthly POR. It reveals that the exchange currently has a total of USD 8.6 billion worth of ETH, BTC, and USDT.
OKX PoR website attracts over 175,000 active visitors with the largest 100% clean asset reserves among major exchanges
Around 175,000 active visitors visited the PoR website. And over 90,000 daily visitors verified that their obligations are compensated for in the PoR. This indicates that OKX users have a substantial interest in examining the resources. They are also keen to utilize open-source technologies to check the liabilities. Furthermore, evidence from a third source demonstrates that OKX has the biggest reserves of 100% clean assets compared to other major exchanges.
The current reserve ratios for OKX are as follows:
ETH: 104%
BTC: 104%
USDT: 102%
Users have the ability to examine OKX’s Feb PoR on its site. It is the case with all other OKX PoR findings. This report includes reserve ratios for fresh and past data. On the OKX site, there are trustless tools. These tools allow users to independently verify their reserve and liability.
OKX Commits to Monthly Disclosure of PoR to Maintain User Trust and Transparency
OKX M.D of Financial Market Lennix Lai stated that the company is happy to continue disclosing its PoR on a monthly basis following OKX’s ongoing commitment to openness and confidence. The data demonstrates that tens of thousands, of its customers, have expressed an active curiosity in seeing the previous reserves. They will utilize open-source methods to confirm that their obligations are covered. POR is not even close to being a specialized issue. It is of critical significance to the process of gaining the trust of users. They are committed to ensuring that OKX maintains its leadership role in this field.
OKX has already made available to the public millions of addresses as part of its Merkle Tree proof of reserves initiative. The company will continue to provide usage of these domains to make asset flows visible to users. The source code for the OKX proof of reserve protocols is free software. It may be accessed by anybody on Github. The OKX Nansen Dash-board allows users to examine additional assets that OKX currently has. OKX has said that it will maintain its monthly publication of PoR as a sign of its dedication to openness.
