OKX publishes second Proof-of-Reserves update, commits to report monthly

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.

Journalist at CryptoSlate

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.