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News

OKX POR 15 Surpasses 100%, BCH Added for First Time!

March 25, 2024 - Around 2 mins mins to read

Key Points:

  • OKX releases 15th consecutive Proof of Reserves (POR) with 22 currencies surpassing 100%.
  • BTC at 102%, ETH, USDT, and USDC at 104%, totaling an impressive US$14.9 billion.
  • BCH in Proof of Reserves marks a historic step in enhancing OKX’s transparency standards.
OKX POR has unleashed its 15th consecutive reserve certificate, showcasing robust reserve rates for 22 public currencies, all surpassing the 100% mark.
OKX POR 15 Surpasses 100%, BCH Added for First Time!

Notably, Bitcoin (BTC) leads the pack with a reserve rate of 102%, while Ethereum (ETH), USDT, and USDC follow suit at an impressive 104%. The cumulative value of these four currencies alone amounts to a staggering US$14.9 billion.

A significant highlight of this latest Proof of Reserves (POR) release is the inclusion of Bitcoin Cash (BCH), marking its debut in the POR framework. OKX’s commitment to transparency aligns with traditional financial audit standards, positioning the exchange as an industry leader in safety and openness.

15th POR Redefines Transparency with 100%+ Reserves and BCH Inclusion

OKX POR 15 Surpasses 100%, BCH Added for First Time!

OKX steadfastly adheres to a monthly POR publication schedule, now boasting an impressive 15-month streak of reserve ratios exceeding 100%. The evolution from 3 to 22 public currencies underscores OKX’s dedication to expanding its POR system’s coverage.

Technological advancements have been a cornerstone of OKX’s POR system, with successful implementations of Merkle tree, full-view Merkle tree, zk-STARK, and other cutting-edge technologies. This continuous commitment to technological upgrades has propelled OKX to set numerous milestones in the crypto exchange landscape.

In a move that resonates with user privacy concerns, OKX allows independent verification of its solvency by users while safeguarding their privacy. Renowned blockchain expert Nic Carter has lauded OKX, citing its POR quality as representing the pinnacle among mainstream exchanges.

As OKX continues to push the boundaries of transparency and technological innovation, users can confidently engage with the platform, assured by the highest standards of POR quality in the crypto exchange realm.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

OKX

OKX PoR

Proof of Reserves

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

OKX POR 15 Surpasses 100%, BCH Added for First Time!

Key Points:

  • OKX releases 15th consecutive Proof of Reserves (POR) with 22 currencies surpassing 100%.
  • BTC at 102%, ETH, USDT, and USDC at 104%, totaling an impressive US$14.9 billion.
  • BCH in Proof of Reserves marks a historic step in enhancing OKX’s transparency standards.
OKX POR has unleashed its 15th consecutive reserve certificate, showcasing robust reserve rates for 22 public currencies, all surpassing the 100% mark.
OKX POR 15 Surpasses 100%, BCH Added for First Time!

Notably, Bitcoin (BTC) leads the pack with a reserve rate of 102%, while Ethereum (ETH), USDT, and USDC follow suit at an impressive 104%. The cumulative value of these four currencies alone amounts to a staggering US$14.9 billion.

A significant highlight of this latest Proof of Reserves (POR) release is the inclusion of Bitcoin Cash (BCH), marking its debut in the POR framework. OKX’s commitment to transparency aligns with traditional financial audit standards, positioning the exchange as an industry leader in safety and openness.

15th POR Redefines Transparency with 100%+ Reserves and BCH Inclusion

OKX POR 15 Surpasses 100%, BCH Added for First Time!

OKX steadfastly adheres to a monthly POR publication schedule, now boasting an impressive 15-month streak of reserve ratios exceeding 100%. The evolution from 3 to 22 public currencies underscores OKX’s dedication to expanding its POR system’s coverage.

Technological advancements have been a cornerstone of OKX’s POR system, with successful implementations of Merkle tree, full-view Merkle tree, zk-STARK, and other cutting-edge technologies. This continuous commitment to technological upgrades has propelled OKX to set numerous milestones in the crypto exchange landscape.

In a move that resonates with user privacy concerns, OKX allows independent verification of its solvency by users while safeguarding their privacy. Renowned blockchain expert Nic Carter has lauded OKX, citing its POR quality as representing the pinnacle among mainstream exchanges.

As OKX continues to push the boundaries of transparency and technological innovation, users can confidently engage with the platform, assured by the highest standards of POR quality in the crypto exchange realm.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.