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<p class="is-style-lead">Crypto exchange OKX, a well-known exchange, has published its eighth consecutive monthly report on proof-of-reserves (PoR). The report reveals the balances of <a href="https://crypto.news/price/bitcoin/" data-type="URL" data-id="https://crypto.news/price/bitcoin/">BTC</a>, <a href="https://crypto.news/price/ethereum/" data-type="URL" data-id="https://crypto.news/price/ethereum/">ETH</a>, and <a href="https://crypto.news/tag/tether/" data-type="URL" data-id="https://crypto.news/tag/tether/">USDT</a> held by OKX, totaling a significant amount of $11.3 billion.</p> 
<p>According to the report, OKX has maintained a reserve ratio of over 100% for eight months. The PoR report includes various assets such as USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, and UNI, in addition to BTC, ETH, and USDT.</p> 
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   <p lang="en" dir="ltr">📢 Hot Off The Press 📢<a href="https://twitter.com/hashtag/OKX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#OKX</a> is proud to publish our June 2023 <a href="https://twitter.com/hashtag/ProofOfReserves?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ProofOfReserves</a> report.<br><br>This is our 8th consecutive monthly report showcasing 100% reserve ratios for 22 assets including <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a>, <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$USDT</a>, and more.<br><br>Dont trust, verify: <a href="https://t.co/y9XDAPkjZT" target="_blank">https://t.co/y9XDAPkjZT</a> <a href="https://t.co/DlQSWsjQI2" target="_blank">pic.twitter.com/DlQSWsjQI2</a></p>— OKX (@okx) <a href="https://twitter.com/okx/status/1673890484387717122?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 28, 2023</a>
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<p>BTC, ETH, and USDT show reserve ratios of 103% each, indicating that OKX holds more reserves than the amount of cryptocurrencies owned by its users.</p> 
<p>OKX prioritizes offline cold storage for its reserves to enhance security measures and mitigate online vulnerabilities and potential attacks.</p> 
<p> Read more: <a href="https://crypto.news/okx-liquid-marketplace-launches-nitro-spreads-enabling-one-click-basis-trading-for-institutional-clients/"> OKX liquid marketplace launches ‘Nitro Spreads’ enabling one-click basis trading for institutional clients </a> </p> 
<p>Lennix Lai, Chief Commercial Officer of OKX Global, emphasized the importance of security, transparency, and trust in OKX’s operations. Lai assured users that OKX would continue to conduct regular PoR audits to maintain transparency and allow independent validation by users.</p> 
<p>OKX plans to release a PoR report every month, and in April 2023, the exchange introduced a self-audit tool that utilizes zk-STARK technology. This tool enables customers to verify OKX’s solvency while protecting their privacy.</p> 
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<p>With over 210,000 addresses released as part of its PoR initiative, OKX allows the public to monitor the circulation of assets. Users can access the latest PoR report on the dedicated site, check reserve ratios, and independently verify OKX’s solvency.</p> 
<p> Read more: <a href="https://crypto.news/okx-executive-hints-at-expanding-dubai-team-after-acquiring-mvp-license/"> OKX executive hints at expanding Dubai team after acquiring MVP license </a> </p>

OKX’s monthly reserves report shows over $11.3b in crypto holdings

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