OKX has released its 49th proof-of-reserves report, marking four years of continuous disclosures, according to an official announcement cited by ChainCatcher. The exchange said reserve ratios for more than 20 major listed assets all stood at 100% in the latest report.
Among the largest holdings, OKX reported reserve ratios of 108% for Bitcoin (BTC), 101% for Ether (ETH), 106% for Tether (USDT), and 100% for USD Coin (USDC). The combined value of reserves backing those four assets was about $27.8 billion.
OKX said it has published proof-of-reserves data every month since its first report in November 2022. Over that period, the number of disclosed assets increased from 3 to more than 20. The company also said it has added Merkle tree, full-view Merkle tree, and zk-STARK zero-knowledge proof technologies to keep upgrading its reserve verification system, allowing users to independently verify reserve backing and improving asset transparency.
OKX has released its 49th proof-of-reserves report, reaching a four-year milestone of continuous publication, according to an official announcement cited by ChainCatcher.
The latest report shows that reserve ratios for more than 20 major assets disclosed by OKX all reached 100%.
For the four largest assets listed, reserve ratios came in at 108% for Bitcoin (BTC), 101% for Ether (ETH), 106% for Tether (USDT), and 100% for USD Coin (USDC). The combined value of reserves for those four assets was about $27.8 billion.
Monthly disclosures have continued since November 2022
OKX said it has maintained monthly proof-of-reserves disclosures since first publishing the report in November 2022. During that period, the number of disclosed assets increased from the initial 3 to more than 20.
Verification system expanded with multiple technologies
The exchange said it has introduced technologies including Merkle tree, full-view Merkle tree, and zk-STARK zero-knowledge proofs as part of ongoing upgrades to its reserve verification framework. According to the announcement, the system is designed to let users independently verify reserve backing and improve asset transparency.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
