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OKX publishes proof of reserve results, and reveals $11.3 billion Bitcoin balance
Crypto exchange OKX has published its monthly proof of reserves (PoR) to reveal a balance of $11.3 billion in Bitcoin.
The platform’s PoR covers 22 widely used digital assets with which it has maintained a reserve ratio exceeding 100 per cent for nine consecutive months across the assets.
“Public-facing disclosures of both reserves and liabilities are essential to ensure long-term accountability in our industry,” said OKX Global Chief Commercial Officer Lennix Lai.
“However, point-in-time attestations of reserve holdings mean little. Instead, sustained and consistent disclosures are needed.”
OKX’s current reserve ratios are as follows:
BTC: 103%
ETH: 103%
USDT: 103%