1 year ago
OKX has reported its Proof-of-Reserves (PoR) for the archetypal clip revealing $7.5 cardinal successful Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), according to its January PoR report on Jan. 19.
OKX is the lone 1 among the apical 5 exchanges with “100% clean” reserves, according to CryptoQuant — a word bestowed when an exchange’s reserves bash not see the exchange’s autochthonal token.
OKX reserves
OKX has over-collateralized reserves with a reserve ratio of 105% each for BTC and ETH, portion USDT reserves are over-collateralized astatine 101%, according to the report.
OKX has besides published implicit 23,000 addresses for its Merkle Tree PoR programme — allowing the nationalist to presumption reserve plus flows.
OKX CMO Haider Rafique said:
“We’ve already taken a enactment presumption by publishing our PoR monthly. As manufacture standards for PoR proceed to instrumentality shape, we expect that our reserve plus prime volition beryllium 1 of galore cardinal differentiating factors for OKX successful the market.”
OKX Proof of Reserves – (Source: Glassnode.com)In examination to OKX, Binance reserves are considered 87.6% cleanable portion Bitfinex and Crypto.com reserves are considered 69.88% and 95.51% clean, respectively, according to CryptoQuant data.
The station OKX reports $7.5B Proof-of-Reserves successful BTC, ETH, USDT appeared archetypal connected CryptoSlate.
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