In July, OKX released its ninth consecutive monthly Proof of Reserves (PoR) report, showcasing primary assets totaling $11.3 billion. This release marks an industry-leading commitment to consistent transparency and accountability.
The report verifies that OKX maintains reserve ratios exceeding 100% for 22 major digital assets. These include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and other widely used cryptocurrencies.
What Is Proof of Reserves?
Proof of Reserves is an auditing method used by cryptocurrency exchanges to publicly prove they hold sufficient reserves to cover all customer balances. It offers users verifiable evidence that their funds are secure and fully backed.
Regular PoR publications help build trust and demonstrate an exchange's financial health. They allow users to independently verify that the platform is solvent and operates transparently.
OKX’s Reserve Ratios and Asset Details
OKX’s latest report confirms strong reserve ratios for its major holdings:
- BTC Reserve Ratio: 103%
- ETH Reserve Ratio: 103%
- USDT Reserve Ratio: 103%
These ratios indicate that OKX holds more than enough assets to cover all user deposits. The exchange’s reserves are stored primarily in highly secure off-line cold storage systems, minimizing exposure to online threats.
👉 Verify exchange solvency with independent tools
A Commitment to Ongoing Transparency
OKX has now published over 210,000 wallet addresses as part of its PoR initiative, allowing the public to monitor asset flows in near real-time. This move supports user-driven verification and reinforces the platform’s dedication to open reporting.
The exchange also offers a self-audit tool, enabling users to personally verify that their funds are included in the stated reserves without compromising their privacy.
According to Lennix Lai, OKX Global Chief Commercial Officer:
"Point-in-time attestations of reserve holdings mean little—instead, sustained and consistent disclosures are needed. As the industry leader in monthly PoR reporting, our commitment to transparency is unwavering."
How Users Can Verify the Proof of Reserves
Users are encouraged to interact with the PoR page to review the latest reports and validate reserve ratios. The open-source verification tool provided by OKX allows anyone to confirm the exchange’s solvency autonomously.
Since the program's launch in late 2022, hundreds of thousands of users have engaged with these tools to perform their own audits.
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Frequently Asked Questions
What is Proof of Reserves?
Proof of Reserves is an auditing practice that enables cryptocurrency exchanges to prove they hold enough assets to match all customer liabilities. It often uses cryptographic techniques to allow public verification.
Why is monthly Proof of Reserves important?
Monthly updates ensure that transparency is consistent and not just a one-time event. This repeated commitment helps build long-term trust and allows users to monitor the platform’s financial health regularly.
How can I verify OKX’s reserves by myself?
OKX offers a self-audit tool through its Proof of Reserves page. Users can verify the backing of their assets without sharing private information by using this open-source tool.
Which assets are included in OKX’s Proof of Reserves?
OKX’s report covers 22 digital assets, including BTC, ETH, USDT, USDC, XRP, DOGE, SOL, and several other major cryptocurrencies.
What does a reserve ratio over 100% mean?
A reserve ratio above 100% means the exchange holds more assets than the total value of user deposits. This indicates strong solvency and a reduced risk of liquidity issues.
Is Proof of Reserves the same as a full financial audit?
No, Proof of Reserves focuses specifically on verifying that user funds are backed. It does not replace a comprehensive financial audit, which examines overall business health and compliance.
OKX continues to lead the industry with its monthly transparency reports, providing users with up-to-date and verifiable information on the security and solvency of their holdings.