OKX released the 16th issue of POR: The total reserve value of BTC, ETH, USDC, and USDT reaches 17.7 billion USD

ChainCatcher news, OKX has consecutively released the 16th issue of its proof of reserves, with the reserve ratio of 22 publicly listed cryptocurrencies exceeding 100%. Among them, the reserve ratio for BTC is 103%, while ETH and USDC both have a reserve ratio of 104%, and USDT has a reserve ratio of 105%, with a total value of 17.7 billion USD.

It is reported that OKX is committed to enhancing the transparency of its Proof of Reserves (POR) to meet traditional financial audit standards, thereby continuously leading the industry in safety and transparency. OKX insists on releasing the POR monthly, with the reserve ratio exceeding 100% for 16 consecutive months, and the number of publicly listed cryptocurrencies increasing from 3 to 22. The POR system has been continuously upgraded through technologies such as Merkle trees, comprehensive Merkle trees, and zk-STARK, achieving multiple milestones. Under the premise of protecting privacy, users can independently verify OKX's solvency at any time, which has been rated by blockchain expert Nic Carter as the highest level of POR quality representative of mainstream exchanges.