According to the report shared by OKX, one of the largest cryptocurrency exchanges, the exchange’s reserves are over-collateralized.
According to the statement made by OKX the other day, the company is in its twelfth year. proof of reserve successfully edited.
The company’s reserves in BTC, ETH and USDT $12.5 billion located, that corresponds to 103% of the total value of users’ assets specified. According to the statement, this information can be publicly confirmed through OKX wallets on the blockchain.
By over-collateralizing their reserves in this way, exchanges failure to pay receivables, decline in the market They can take precautions against risks such as:
Published by cryptocurrency exchanges reserve evidence, gained prominence after the collapse of FTX last year. Thanks to these reports, transparency can be achieved regarding how customer funds are used.
According to a survey conducted by OKX a few months ago, users 67% say it is important for exchanges to share proof of reserves on a monthly basis he thinks.
According to CoinGecko data, OKX has been traded in the last 24 hours. More than $1.3 billion recorded transaction volume.