Emphasizing its commitment to platform solvency and fund transparency, global cryptocurrency exchange OKX revealed in its 28th Proof of Reserves (PoR) report that it holds $28.1 billion in primary assets backing user funds—a 59% year-on-year increase.
Audited by blockchain security firm Hacken, the report leverages advanced zk-STARK proofs and signature validations to verify asset reserves.
OKX Reserve Ratio
OKX maintains reserve ratios exceeding 100% for its top assets, ensuring full backing of user holdings:
| Asset | Reserve Ratio | Holdings Value |
|--------|--------------|------------------|
| BTC | 104% | $13.2 billion |
| ETH | 102% | $4.9 billion |
| USDT | 102% | $8.7 billion |
| USDC | 100% | $1.3 billion |
A ratio above 100% indicates OKX holds more assets than user liabilities, enhancing trust.
"Over the past two years, we’ve optimized zk-STARK technology, reducing proof file size by 99.9% and expanding verifiable assets to 22 cryptocurrencies. Our encryption protocols and wallet infrastructure prioritize both security and usability."
— OKX
Why Proof of Reserves Matters
OKX attributes its robust PoR to:
- Insurance Fund: A multi-billion-dollar safety net for large-scale liquidation risks (available in select markets).
- AI Security Tools: Deepfake detection, ID verification, and fraud analysis via behavioral monitoring.
- OKX Protect: An educational hub for customer security best practices.
👉 Explore OKX’s security innovations
Regulatory Milestones
OKX’s proactive compliance includes:
- Singapore: MPI license for digital payment tokens and cross-border transfers (2024).
- Dubai: VASP license for virtual asset exchange services.
- Australia: AFS license (ASIC-regulated) for spot and derivatives trading.
- Europe: First MiCA-licensed exchange to passport services across 28 EEA countries.
FAQs
1. What does a 100%+ reserve ratio mean?
A ratio above 100% confirms OKX holds extra assets beyond user deposits, reducing insolvency risk.
2. How often does OKX publish PoR reports?
Monthly, with independent audits for transparency.
3. Is OKX available in the Philippines?
Yes, but services may vary based on local regulations.
4. What’s zk-STARK technology?
A zero-knowledge proof system enabling private, scalable verification of reserves.
👉 Learn more about OKX’s global licenses