OKX publishes second Proof-of-Reserves update, commits to report monthly OKX publishes second Proof-of-Reserves update, commits to report monthly
OKX's latest proof-of-reserves report shows it holds over 90% of its assets in BTC, ETH, and USDT — the exchange has committed to update its reserve on the 22nd of every month.
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Updated: Dec. 23, 2022 at 10:16 am UTC
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Leading crypto exchange OKX has published the second update of its proof-of-reserves (PoR), with a promise to update on a monthly basis.
Following the collapse of FTX, crypto exchanges including OKX and Binance have moved to improve their transparency by publishing PoR reports.
OKX published the first version of its first proof of reserves report in December and it is accessible on the exchange’s website.
In a Dec. 22 update, OKX said it has published the second version of its reserve report to the public. Users can easily self-verify assets held on OKX entirely on-chain.
According to OKX’s dashboard on Nansen, the crypto exchange holds over 90% of its assets in BTC, ETH, and USDT.
In addition, OKX has committed to updating its proof of reserves on the 22nd of every month.
OKX CMO Haider Rafique said::
“Publishing PoR results on a monthly basis strengthen our commitment to lead the industry when it comes to transparency and trust.”
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Author 
Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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