After the FTX exchange went bankrupt in November Binance CEO CZ He introduced the proof-of-reserve system, saying that exchanges should be more transparent.
From this point on, exchanges began to periodically submit reports explaining how much and which cryptocurrencies they have in their reserves.
In this context, which published the 7th proof-of-reserve report, OKXemphasizing that it continues to adhere to the principle of transparency, explained which cryptocurrencies it has in its reserves.
The vast majority of its reserves From Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) announced that it has $10 billion worth of cryptocurrencies, including
The report also BTC, ETH and Tether outsideUSD Coin (USDC) Ripple (XRP), Dogecoin (DOGE) Solana (SOL), OKB, Aptos (APT), DASH, Polkadot (DOT), ELF, EOS, ETC, Filecoin (FIL), Chainlink (LINK), Litecoin (LTC), OKT, PEOPLE, TON, Tron (TRX) and UniSwap (UNI) It was also stated that there are 19 other cryptocurrencies, including
In the OKX statement, it was also stated that BTC, ETH and USDT each have 103% reserves.
OKX Sales and Marketing Manager Lennix Lai used the following statements regarding the 7th reserve report of the stock market:
“OKX has been releasing reserve reports using the Proof of Reserve system since late 2022 when FTX went bankrupt.
With these reports, OKX has raised the standards for trust and transparency in the cryptocurrency industry.
We commit to our users that we will further improve our Proof of Reserve system.”
*Not investment advice.
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