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<p>In a major development, OKX, a prominent global <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> technology firm and cryptocurrency exchange, has unveiled its 14th consecutive monthly Proof of Reserves (PoR) report. This report showcases a robust USD14.9 billion primary assets underpinning user funds.</p><h2 id="header-0">Reserve Ratios</h2><p>The latest Proof of Reserves (PoR) report by <a href="https://www.okx.com/" rel="noopener noreferrer nofollow">OKX</a> reveals the current reserve ratios for its primary assets. BTC leads with a reserve ratio of 103%, followed closely by ETH at 104%. USDT maintains a robust reserve ratio of 103%, ensuring the security of user funds. Additionally, USDC joins the lineup with a reserve ratio of 101%, reflecting OKX’s commitment to transparency and trust in the cryptocurrency exchange market. These reserve ratios provide users with a clear understanding of the platform’s financial stability and adherence to industry standards.</p><p>Lennix Lai, OKX Global Chief Commercial Officer, emphasized:</p><blockquote>“Our monthly Proof of Reserves reports underscore our unwavering commitment to delivering a secure, reliable, and trustworthy platform and trading experience.” He further highlighted OKX’s dedication to maintaining industry-leading transparency by empowering users with real-time tools to verify reserves.”An interesting addition to OKX’s PoR report is the acknowledgement of USDC as a “primary asset.” This reflects the growing significance of Circle Internet Financial’s stablecoin within the exchange.</blockquote>

OKX Releases 14th Proof of Reserves Report, Reflecting $14.9 Billion in Primary Assets

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