Cryptocurrency exchange OKX has published its 32nd Proof of Reserves report, showing high reserve ratios for several key crypto assets.
Reserve Ratios for Key Assets
The report lists the reserve ratios for four major assets:
* Bitcoin (BTC): 105% * Ethereum (ETH): 101% * Tether (USDT): 102% * USD Coin (USDC): 101%
The total value of these assets was recorded at approximately $28.46 billion.
History of OKX's Reserve Reports
OKX is the first global cryptocurrency exchange to continuously publish proof of reserves for over two years. Since its inception with three assets, the exchange has expanded its reporting to include 22 assets, aiming to provide maximum transparency for users.
Technical Improvements to the Reserve Proof System
To enhance its proof-of-reserve system, OKX has implemented advanced cryptographic technologies such as the Merkle tree, the extended Merkle view, and most recently, zk-STARK. The exchange emphasizes that regular PoR announcements aim to increase user security and maximize asset transparency on the platform.
Thus, OKX's initiative to publish proof of reserves may set a standard in the industry, increasing user trust in the availability of their assets.
