Leading cryptocurrency exchange OKX has released its 30th consecutive Proof of Reserves (PoR) report, revealing that it holds reserves exceeding customer deposits for 22 major cryptocurrencies. The platform now safeguards over $23.1 billion worth of digital assets, reinforcing its commitment to security, liquidity, and transparency.
Overcollateralized Reserves Across Major Tokens
According to the latest report, OKX maintains a reserve ratio above 100% for all primary assets, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), and many others.
The audit, conducted by leading Web3 security firm Hacken, verifies that OKX’s on-chain wallet holdings consistently surpass customer deposits. The only exception is OKX’s native token, OKB, which maintains an exact 1:1 ratio with customer holdings.
“OKX understands that the safety and security of customer assets are top priorities. We ensure our balance sheet always holds enough assets with a 1:1 reserve ratio, giving us a longstanding reputation for best-in-class security and liquidity,” said OKX in an official statement.
Key Highlights from the Report
- Bitcoin Reserves: OKX’s wallets hold 139,082 BTC (valued at approximately $13.2 billion), compared to customer deposits of 133,151 BTC — a reserve ratio of 104%.
- Ethereum Reserves: ETH reserves also stand at 104% of customer deposits.
- Tether Reserves: The exchange holds 8.15 billion USDT, again maintaining a 104% reserve ratio.
- Other Assets: USDC, DOGE, and SOL reserves exceed 100% by an additional 1%.
- XRP Reserves: XRP shows the highest overcollateralization among the 22 assets, with a 110% reserve ratio.
Such overcollateralization ensures that OKX can fully back user balances at any time, providing greater peace of mind amid a crypto industry still cautious after past high-profile exchange failures.
Why Proof of Reserves Matter
Proof of Reserves is a cryptographic verification process designed to demonstrate that customer deposits are fully matched — or exceeded — by assets held in reserve on-chain. In practice, it means that even in the event of a hack, exploit, or liquidity crisis, customers’ funds remain protected.
By publishing monthly proof-of-reserves audits, OKX continues to set a standard for transparency in the crypto exchange sector, building stronger trust with both retail and institutional users.
OKX’s Continued Focus on Security
The publication of 30 consecutive PoR reports showcases OKX’s ongoing commitment to operational integrity. As competition among exchanges intensifies, especially in light of regulatory scrutiny, platforms that prioritize transparency and customer fund safety are likely to stand out.
With its multi-billion-dollar reserves independently audited and verifiable on-chain, OKX continues to demonstrate that safeguarding customer assets remains a central pillar of its operations.
