TLDR
- OKX completes 36 consecutive months of Proof of Reserves reporting
- Exchange holds $35.4 billion in primary assets backing customer funds
- Hacken verifies over 100% coverage across 22 major cryptocurrencies
- Bitcoin reserves are maintained at a 105% coverage ratio
- Ethereum and Solana both backed at 102% reserve levels
OKX has completed its 36th consecutive monthly Proof of Reserves report, confirming $35.4 billion in primary assets. The exchange maintains over 100% coverage across 22 major cryptocurrencies, with blockchain security firm Hacken verifying the reserves. This milestone marks three years of continuous PoR reporting, demonstrating a 75% increase in total assets year-over-year.
The cryptocurrency exchange announced the results on October 30 through an official press release. OKX now holds assets that fully back all customer funds on its platform. The verification process covers major cryptocurrencies, including Bitcoin, Ethereum, Solana, Tether, and USD Coin.
OKX Bitcoin Reserves Exceed Customer Balances
OKX holds Bitcoin reserves at a 105% coverage ratio, meaning the exchange has more BTC than customer balances. Ethereum reserves stand at 102%, while Solana maintains the same 102% backing level. These figures demonstrate that OKX keeps excess assets beyond what customers hold on the trading platform.
Stablecoin reserves show strong backing across the board for the exchange. Tether maintains a 106% reserve ratio, which exceeds customer deposits by a substantial margin. USD Coin achieves exactly 100% backing, matching customer balances precisely.
The exchange also backs popular altcoins with full reserves and surplus holdings. Dogecoin maintains a 101% reserve ratio despite its ample circulating supply. Ripple reserves exceed customer balances by 6%, providing an additional layer of security for XRP holders.
Customer engagement with OKX’s audit features has increased substantially over the past year. The ‘View My Audit’ feature saw 123% growth in user participation year-over-year. This trend shows that customers actively monitor their asset security on the platform.
Zero-knowledge verification technology usage exploded by 386% during the same period. Users now utilize advanced cryptographic tools to verify the safety of their assets privately. The dramatic increase indicates that traders take an active role in verifying their holdings.
OKX stated that the program has evolved from a crisis response to an industry standard. “Three years of PoR reporting show progress and consistency,” the exchange said in its announcement. The company emphasized that trust remains verifiable through on-chain transparency for all users.
Traditional Finance Integration Expands
OKX recently extended its partnership with Standard Chartered into the European Economic Area. The collaboration enables institutional clients to trade on OKX while maintaining their assets with the bank. Standard Chartered holds Global Systemically Important Bank status, providing traditional financial security standards.
The partnership merges cryptocurrency exchange liquidity with legacy banking security protocols. Institutional traders can access OKX’s trading platform without moving assets from bank custody. This arrangement bridges the gap between cryptocurrency markets and established financial institutions.
OKX continues to expand its institutional services through traditional banking partnerships. The Standard Chartered collaboration represents the exchange’s push into regulated markets. Third-party custody arrangements provide an additional layer of security for client funds across multiple cryptocurrencies.
