The post OKX Achieves 104% BTC Reserve Ratio in Latest Proof of Reserves Report appeared on BitcoinEthereumNews.com.

COINOTAG reported on September 27 that OKX has published its 23rd proof of reserves (PoR), with a reserve ratio exceeding 100% for 22 public cryptocurrencies. Specifically, OKX’s BTC, ETH, USDT, and USDC reserves are at 104%, 102%, 106%, and 101%, respectively, totaling $19,380,106,491 in value. Additionally, OKX has optimized its PoR efficiency, reducing the proof file size for user verification from 2.55GB to 598KB. This commitment to enhancing PoR transparency aligns with traditional financial audit standards, ensuring heightened industry security and transparency. OKX has consistently released monthly PoR updates, achieving a reserve ratio over 100% for 23 consecutive months while expanding the number of public currencies from 3 to 22. The PoR system has been continuously upgraded using Merkle tree, full Merkle tree, and zk-STARK technologies, enabling users to independently verify OKX’s solvency while maintaining privacy. Blockchain expert Nic Carter has recognized OKX’s PoR as the highest quality among mainstream exchanges. Source: https://en.coinotag.com/breakingnews/okx-achieves-104-btc-reserve-ratio-in-latest-proof-of-reserves-report/

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Filed under: News - @ September 27, 2024 9:25 am