Key Points:
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.
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. |
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
This website uses cookies.