{"id":24034,"date":"2023-12-20T08:17:00","date_gmt":"2023-12-20T08:17:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4298256_AE98256_0"},"modified":"2023-12-20T08:17:00","modified_gmt":"2023-12-20T08:17:00","slug":"okx-leads-the-way-in-transparency-and-trust-with-14th-consecutive-proof-of-reserves-showing-usd14-9-billion-in-primary-assets","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=24034","title":{"rendered":"OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets"},"content":{"rendered":"<br \/>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2014295\/OKX_Logo_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"xn-location\">DUBAI<\/span>, UAE, <span class=\"xn-chron\">Dec. 20, 2023<\/span> \/PRNewswire\/ &#8212;&nbsp;<a href=\"https:\/\/www.okx.com\/\" target=\"_blank\" rel=\"nofollow noopener\">OKX<\/a>, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly <a href=\"https:\/\/www.okx.com\/proof-of-reserves\" target=\"_blank\" rel=\"nofollow noopener\">Proof of Reserves (PoR)<\/a> report, demonstrating <span class=\"xn-money\">USD14.9 billion<\/span> in primary assets backing user funds.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<\/p><\/div>\n<p>OKX&#8217;s PoR report provides a comprehensive overview of the reserve ratios for 22 of the most commonly used assets on the platform. Its 14th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, ensuring full backing of user funds.<\/p>\n<p>The current reserve ratios for OKX&#8217;s primary assets are as follows:<\/p>\n<ul type=\"disc\">\n<li>BTC: 103%<\/li>\n<li>ETH: 104%<\/li>\n<li>USDT: 103%<\/li>\n<li>USDC: 101%<\/li>\n<\/ul>\n<p><b>OKX Global Chief Commercial Officer <span class=\"xn-person\">Lennix Lai<\/span> said: <\/b>&quot;Our monthly Proof of Reserves reports demonstrate our ongoing commitment to providing a platform &#8211; and trading experience &#8211; that is secure, reliable and trustworthy. OKX aims to continue setting an industry standard for transparency by providing users with the tools and resources to verify reserves in real-time.&quot;<\/p>\n<p>OKX recently added USDC to its PoR report&#8217;s &quot;primary asset&quot; figure. This inclusion acknowledges the growing prominence of <a href=\"https:\/\/www.circle.com\/en\/\" target=\"_blank\" rel=\"nofollow noopener\">Circle Internet Financial<\/a>&#8216;s (Circle) stablecoin on the exchange.<\/p>\n<p>Renowned blockchain expert <a href=\"https:\/\/niccarter.info\/about\/\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"xn-person\">Nic Carter<\/span> <\/a>recently recognized OKX with the highest quality rating among major exchanges. This acknowledgment further solidifies OKX&#8217;s position as a leader in the crypto industry and reaffirms its continuous commitment to transparency and user trust.<\/p>\n<p>Users can view OKX&#8217;s latest PoR report, reserve ratios and verify the exchange&#8217;s solvency<a href=\"https:\/\/www.okx.com\/proof-of-reserves\" target=\"_blank\" rel=\"nofollow noopener\">&nbsp;<\/a><u><a href=\"https:\/\/www.okx.com\/proof-of-reserves\" target=\"_blank\" rel=\"nofollow noopener\">here<\/a><\/u>.<\/p>\n<p><b>For further information, please contact:<br \/><\/b><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mPHqUaNZ39HiOg_9VTmtGYW3nOp-PbF3l6Gv4ZlHk4xbv7Tn-LwQfCjHM-WY6IbzS_VLM8Oc0M5kxpWhUOgkJQ==\" target=\"_blank\" rel=\"nofollow noopener\">Media@okx.com<\/a><\/u><\/p>\n<p><b>About OKX<\/b><\/p>\n<p>OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.<\/p>\n<p>As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver <span class=\"xn-person\">Daniel Ricciardo<\/span>, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.<\/p>\n<p>The OKX Wallet is the platform&#8217;s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.<\/p>\n<p>OKX is committed to transparency and security and publishes its<a href=\"https:\/\/www.okx.com\/proof-of-reserves\" target=\"_blank\" rel=\"nofollow noopener\">&nbsp;<\/a><u><a href=\"https:\/\/www.okx.com\/proof-of-reserves\" target=\"_blank\" rel=\"nofollow noopener\">Proof of Reserves<\/a><\/u> on a monthly basis.<\/p>\n<p>To learn more about OKX, download our app or visit:<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vkUWbL0o0JBxwWO1mi9Q5RYeTcfwfKctC8EsU6CmARry_6kT3HDi2KFTrNH2xhp7HOp5Y3x79UifjEn3MEa1dw==\" target=\"_blank\" rel=\"nofollow noopener\">&nbsp;<\/a><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vkUWbL0o0JBxwWO1mi9Q5RYeTcfwfKctC8EsU6CmARry_6kT3HDi2KFTrNH2xhp7HOp5Y3x79UifjEn3MEa1dw==\" target=\"_blank\" rel=\"nofollow noopener\">okx.com<\/a><\/u><\/p>\n<p><b><u><a href=\"https:\/\/www.okx.com\/learn\/okx-disclaimer\" target=\"_blank\" rel=\"nofollow noopener\">Disclaimer<\/a><\/u><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI, UAE, Dec. 20, 2023 \/PRNewswire\/ &#8212;&nbsp;OKX, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly Proof of Reserves (PoR) report, demonstrating USD14.9 billion in primary assets backing user funds. OKX&#8217;s PoR report provides a comprehensive overview of the reserve ratios for 22 of the most commonly [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-24034","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=24034\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets - My Blog\" \/>\n<meta property=\"og:description\" content=\"DUBAI, UAE, Dec. 20, 2023 \/PRNewswire\/ &#8212;&nbsp;OKX, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly Proof of Reserves (PoR) report, demonstrating USD14.9 billion in primary assets backing user funds. OKX&#8217;s PoR report provides a comprehensive overview of the reserve ratios for 22 of the most commonly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=24034\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-20T08:17:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2014295\/OKX_Logo_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=24034#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=24034\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets\",\"datePublished\":\"2023-12-20T08:17:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=24034\"},\"wordCount\":414,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=24034#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2014295\\\/OKX_Logo_Logo.jpg?p=medium600\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=24034\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=24034\",\"name\":\"OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets - 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