The cryptocurrency exchange OKX has released its 40th Proof of Reserves (PoR) report. According to the official statement, the reserve ratio for all 22 major crypto assets listed on the exchange exceeded 100%.
According to the data, the reserve ratios for BTC, ETH, USDT, and USDC were reported as 106%, 103%, 109%, and 101%, respectively. Based on the prices at the time of verification, the total reserve value of these four assets reached $26.8 billion.
OKX stated that it is the first cryptocurrency exchange in the industry to publish Proof-of-Return (PoR) reports continuously for over three years. During this period, the company increased the number of assets covered by its transparency program from 3 to 22 while maintaining its monthly reporting practice.
The exchange also highlighted that it has technologically improved its Proof-of-Reserve (PoR) system. Initially issued using the Merkle Tree method, proof-of-reserve was later strengthened with advanced cryptographic solutions such as Full Merkle Tree and zk-STARK. This aims to enable users to verify their assets on-chain and increase transparency.
Proof-of-reserve applications had become an important standard in the crypto sector, particularly in restoring investor confidence following the FTX crisis.
*This is not investment advice.
