OKX has released its 31st Proof of Reserves report, highlighting changes in the distribution of user assets as of May 10, 2025. The report emphasizes the importance of transparency and changing user preferences.
Overview of the Proof of Reserves Report
The new report by OKX underscores the importance of transparency in the crypto sector as market conditions evolve. This initiative continues to reflect the company's commitment to informing its users.
Changes in User Assets
The report reveals noticeable shifts in user assets, including a decrease in Bitcoin holdings and an increase in Ethereum and Tether reserves. These changes provide insights into the current market sentiments in the cryptocurrency space.
Technology and Security
OKX utilizes a zk-STARK algorithm to verify its reserves, confirming that user balances are fully backed. The technological process also employs a Merkle Tree-based system for independent verification of assets by users, which enhances confidence in verification technology used within the crypto industry.
The publication of regular reserves reports significantly impacts user trust in the exchange. OKX demonstrates a commitment to setting a higher standard of transparency, reflecting a broader industry effort to improve asset management security.
