OKX and Proof of Reserves: A Transparency Framework to Enhance Investor Trust

OKX's Proof of Reserves: Since October 2022, OKX has published a monthly Proof of Reserves (PoR) demonstrating that user deposits are fully backed by real assets, with the latest report showing $24.6 billion in assets and a reserve ratio above 100% for major cryptocurrencies.

Use of zk-STARK Technology: OKX employs zk-STARK technology to ensure transparency and privacy in its PoR, allowing users to verify their balances without revealing individual account details, while also maintaining a rigorous audit process with zero discrepancies found.

Recognition and Comparison: OKX has received the highest transparency rating from expert Nic Carter and stands out among exchanges for its consistent monthly PoR publication, unlike competitors who may publish less frequently or incompletely.

User Trust and Security Initiatives: By providing open-source verification tools and launching educational resources through OKX Protect, the platform aims to enhance user security and trust, ensuring that users can independently verify the safety of their funds amidst a volatile crypto landscape.