OKX celebrates 1 year anniversary of Proof of Reserves
OKX has marked its one-year anniversary of consistently publishing Proof of Reserves, showcasing a commitment to transparency and trust. In the past year, the major player in the crypto world has been working hard to build trust and transparency, after the issues in the market caused by the FTX collapse. The company has been publishing their Proof of Reserves (PoR) monthly for a year, showing that it has enough assets to cover all user holdings, to help augment user trust. The latest PoR from OKX discloses that it has $12.5 billion in major cryptocurrencies like BTC, ETH and USDT, making up 103 percent of what users have put into the platform. With this, OKX has shown it has more than enough to cover all user funds, a key point in building customer loyalty. Hot Off The Press #OKX is proud to publish our October 2023 #ProofOfReserves report demonstrating ≥100% reserves AND marking 12 consecutive months of leading the industry in openness and transparency. Don't trust, verify:...