OKX, a leading cryptocurrency exchange, has released its tenth consecutive proof-of-reserves (PoR) report. The report shows that the exchange holds $10.4 billion in primary crypto assets such as Bitcoin (BTC), Ether (ETH), and Tether (USDT). The audit covered 22 digital assets, including USD Coin (USDC), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), and OKB.The USD value of OKX’s reserves has decreased by $1 billion since July, but has increased by 38% since January. The exchange has also published more than 210,000 addresses for the PoR program, allowing users to view its asset flows through the Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology.OKX conducted two surveys on X (formerly Twitter) to evaluate the sentiment of the online crypto community on the importance of reserve reports and transparency. The results showed that 84% of the surveyees said monthly PoR reports are either “somewhat important” or “very important”, while 88% of the respondents agreed that transparency is either “somewhat important” or “very important” in choosing a crypto platform to trust.OKX’s Chief Commercial Officer Lennix Lai said, “We asked our community how important PoR and transparency from exchanges are to them, and the results were as expected – users continue to call for monthly PoR and greater transparency. At OKX, we take user feedback to heart and will continue to invest in future tools for security and transparency in order to continue earning user trust.”
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | X Surveyees, Lennix Lai |
| Companies | Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK), Binance, USD Coin (USDC), OKX, Ripple (XRP) |
| Currencies | Ethereum, US Dollar, Dogecoin, Bitcoin, Tether |
| Securities | None |
