We are pleased to announce the release of our 27th consecutive Proof of Reserves (PoR) report, which has been independently audited by the blockchain security firm Hacken. This latest report confirms that the platform holds $27.9 billion in primary assets, maintaining a 1:1 or greater reserve ratio for 22 of the most widely traded digital assets.
The verification process involved the validation of more than 650,000 unique wallet addresses across over 20 blockchain networks, including Bitcoin, Ethereum, Solana, and Polygon. The audit confirmed zero discrepancies in reserve validation, underscoring our commitment to full transparency and user fund security.
Key Reserve Ratios from the Latest Audit
The latest report provides a clear breakdown of reserve ratios for major cryptocurrencies. These figures demonstrate that user funds are fully backed and available for withdrawal at any time.
- BTC: 105%
- ETH: 102%
- USDT: 104%
- USDC: 100%
This represents a significant 99.3% year-on-year growth in primary assets, rising from $14.9 billion in January 2024. This growth reflects increasing user trust and adoption of the platform.
Advancements in Proof of Reserves Technology
Over the past two years, we have made substantial technological improvements to our Proof of Reserves system. A major innovation has been the implementation of zk-STARK technology, a form of zero-knowledge proof that allows for verification without compromising sensitive user data.
This advancement has dramatically optimized the proof file size, reducing it from 2.55GB to a mere 598KB. Furthermore, the number of verifiable assets has been expanded to cover 22 major cryptocurrencies, providing broader transparency across the digital asset ecosystem.
Comprehensive Security Framework
Our commitment to security extends far beyond Proof of Reserves. We have built a multi-layered security framework designed to protect user assets from a wide range of threats.
This framework includes a multi-billion-dollar Insurance Fund (available in specific markets), AI-powered security monitoring tools, and state-of-the-art encryption protocols. These systems work in concert to detect and prevent unauthorized access and fraudulent activity.
Introducing OKX Protect: Your Security Education Hub
To further empower our users, we recently launched a safety-focused resource hub. This hub provides comprehensive educational materials on critical security features that every user should enable.
Available guides cover essential practices such as setting up two-factor authentication (2FA), configuring withdrawal allowlists, and monitoring linked devices. The hub also offers valuable advice on how to identify and avoid common scams and phishing attempts, explaining how our advanced security technologies work to keep accounts safe.
👉 Explore advanced security features
Frequently Asked Questions (FAQ)
What is Proof of Reserves (PoR)?
Proof of Reserves is an independent auditing process that verifies a cryptocurrency exchange holds enough assets to cover all user balances. It uses cryptographic techniques to prove solvency without revealing sensitive user information, ensuring transparency and trust.
Why is a 100%+ reserve ratio important?
A reserve ratio of 100% or more proves that an exchange holds all of its users' funds in full and may even hold extra capital as a buffer. This means your assets are always available for withdrawal and are not being lent out or used for other purposes without your consent.
How often are these Proof of Reserves audits conducted?
We commit to providing monthly Proof of Reserves reports, each independently audited by a third-party firm. This 27th consecutive report demonstrates a long-standing, unwavering commitment to transparency and verifiable accountability.
What is the benefit of using zk-STARK technology in PoR?
zk-STARK technology allows for the verification of massive amounts of data with a tiny proof file. It enhances privacy by allowing verification without exposing individual user balances or other sensitive on-chain information, making the entire process both efficient and secure.
How can I learn more about protecting my account?
You can visit our dedicated security hub for a wide range of educational resources. Here, you will find step-by-step guides on enabling 2FA, setting up allowlists, and other best practices to significantly enhance your account's security.
Are all assets on the platform covered by the Insurance Fund?
The Insurance Fund is designed to protect users in extreme scenarios and is available in specific markets. It is crucial to review the official terms and conditions for detailed coverage information and to employ all recommended personal security measures.
This content is provided for informational purposes only. It is not intended to provide (i) investment advice or a recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets; or (iii) financial, legal, or tax advice. Digital asset holdings involve a high degree of risk and can fluctuate greatly. Please consult your professional advisor for questions related to your specific circumstances.