{"id":80186,"date":"2023-02-20T08:10:00","date_gmt":"2023-02-20T08:10:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=a16ceafc61c2339e755932ad12800d29"},"modified":"2023-02-20T08:10:00","modified_gmt":"2023-02-20T08:10:00","slug":"okxs-february-proof-of-reserves-shows-8-6-billion-usd-with-over-quarter-million-users-viewing-reserves-and-liabilities","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/okxs-february-proof-of-reserves-shows-8-6-billion-usd-with-over-quarter-million-users-viewing-reserves-and-liabilities\/","title":{"rendered":"OKX\u2019s February Proof of Reserves Shows $8.6 Billion USD, With Over Quarter Million Users Viewing Reserves and Liabilities"},"content":{"rendered":"<div>\n<ul type=\"disc\">\n<li><em>More than 175,000 unique users checked OKX&#8217;s Proof of Reserves <\/em><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.okx.com\/proof-of-reserves&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw3nXWHAcVzaovMgPa3oM6Rf\"  rel=\"nofollow noopener noreferrer\"><em>page<\/em><\/a><em>, and over 90,000 unique users viewed Proof of Liabilities<\/em><\/li>\n<li><em>Reserves report again shows OKX holds largest 100% clean reserves among major exchanges<\/em><\/li>\n<\/ul>\n<p>VICTORIA, Seychelles, Feb. 20, 2023 (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3Dng6biBak8HrJPFS113Dvg9lBgnC2jaNSPPySNG_Hxvx4D6PgN-msiokqypsRqnIe&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw3TE0xeJxHUvGKBmbZEcpH4\"  rel=\"nofollow noopener noreferrer\"><u>OKX<\/u><\/a>, the world\u2019s second-largest crypto exchange by trading volume and leading Web3 technology company, today published its fourth monthly <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DuBwcCZgZTMmcpQqUM_VsTUahUU6sxlPoCXJOW79eFAi3MQVbGZAwHqpGq9pPD4RYDPcZ_LvK8JNJavwyLQOVUMg5qp-mx1UiOuCwflkdmTgvAUQxQgQNRLwIIN1szbxM&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw3onmIeO24-yPo-dRnwstu7\"  rel=\"nofollow noopener noreferrer\"><u>Proof of Reserves<\/u><\/a> (PoR) showing $8.6 billion USD held by the exchange in BTC, ETH and USDT.<\/p>\n<p>OKX users showed significant interest in viewing the reserves as well as using open-source tools to check their liabilities, with over 175,000 unique users visiting the PoR page and over 90,000 unique users verifying their liabilities are accounted for in the PoR. <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3Drl8r9oQNYymJzelM0AB92j5N6nCIyOS5XiRy3qrccgK_CNSuKlhR2I96wR-BfDCc4zOhu_jIwrkwbX5aaA9hmMUl5ZwAuS5dgkHiwPlLgi2EXVTcRmhYwN_b4LpN8oqq&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw0kqXC5Q91FgEBLJ8alaOJX\"  rel=\"nofollow noopener noreferrer\">Third party data<\/a> again shows that OKX holds the largest 100% clean asset reserves among major exchanges.<\/p>\n<p><strong><em>Current OKX reserve ratios:<\/em><\/strong><\/p>\n<ul type=\"disc\">\n<li>BTC: 104%<\/li>\n<li>ETH: 104%<\/li>\n<li>USDT: 102%<\/li>\n<\/ul>\n<p>As with all OKX PoR reports, users are able to view OKX\u2019s February PoR on its <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DWXZ5Be3UEIHrL7-dAwNAaa5s_ZSjWCQ_NT4C1v2EZ96njOXRkWua6ZvFIMUeft9Q-E6_BVCA_jk_zzomjq4tel04kPliwFhevatZcezPf-o%3D&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw2BLfjzUCs9mlD7XBk_LzcV\"  rel=\"nofollow noopener noreferrer\">website<\/a>, including reserve ratios for new and historical data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.<\/p>\n<p><strong>OKX Managing Director of Financial Markets Lennix Lai said:<\/strong> \u201cWe are proud to continue the monthly publishing of our Proof of Reserves in line with our unwavering commitment to transparency and trust here at OKX. Our data shows that hundreds of thousands of our users have taken an active interest in viewing our historical reserves and using open-source tools to verify their liabilities are included. Proof of Reserves is far from a niche topic &#8211; it is of vital importance to building user trust and we are dedicated to ensuring OKX shows continued leadership in this area.&#8221;<\/p>\n<p>OKX has published thousands of addresses for its Merkle Tree PoR program, and will continue to use these addresses to allow the public to view asset flows. The OKX PoR protocol is open source and available to the public on <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DT8Co_3_aH4f9myUotQ_R6LPHKVaCkG8NsUIAsOt7aP_ubyi51fRAk4o_okEKAu5JwU-pRQYXxgy5P0l62JfXw8O1Tbo1mIC8x5Vzw8hWfX8%3D&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw0XkPdCpVekLmi2pCqwKNkG\"  rel=\"nofollow noopener noreferrer\"><u>Github<\/u><\/a>. Additional OKX holdings can be viewed on the <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DbCCtBiPbU8ulDLQrTxzIdsiSNIOE2uxoWuv5xfSKREGmasbc3v6l_n7U00ifcHKFQGVdfcrmBELfuAF5xCSi6SBiDJMt98Bc8Jlov8-SMz8DWB9HhKetxoZRoTYvz5AM&amp;source=gmail-html&amp;ust=1676966945865000&amp;usg=AOvVaw3NFOv0oWINZSj-LeWl0eNZ\"  rel=\"nofollow noopener noreferrer\"><u>OKX Nansen Dashboard<\/u><\/a>.<\/p>\n<p>As part of its commitment to transparency, OKX will continue to publish PoR monthly.<\/p>\n<p>For further information, please contact: <u><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DudsNI2MWXOR3SujMx38BXhVUyO4TxvMMaUKAHiuo9-hWttUQY5Smn66HDEWOmTPDKPIrR67oxtG3YE6S99B-2w%3D%3D&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw1uVnLsicSvss4-0LzFpHq4\"  rel=\"nofollow noopener noreferrer\">media@okx.com<\/a><\/u><\/p>\n<p><strong>What is Proof-of-Reserves?<\/strong><\/p>\n<p>Proof of Reserves is a report of crypto assets that ensures the custodian (OKX) holds the assets it claims to hold on behalf of its users. OKX uses the Merkle tree (hash tree) to prove this claim in two ways. First, users can find their balance in the tree and prove their assets are held in the total OKX balance. Second, the total OKX balance is compared to the publicized OKX on-chain wallet balance to determine Proof-of Reserves.<\/p>\n<p><strong>What are &#8216;Clean&#8217; Reserves?<\/strong><\/p>\n<p>Assets are considered \u201cclean\u201d in PoR when a third party analysis determines they do not include an exchange&#8217;s platform token, and are solely made up of high market cap \u201ctraditional\u201d crypto assets such as BTC, ETH and USDT. Blockchain analytics firm <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3Drex8LsuHkh2ZhZD-rVcWoTCSfTI2XO4NJVAaVkhHJchq4qAcyTKB_PggfAQ29oYkUihWhtXYcMenl4Qce7uplQ%3D%3D&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw19dzNGbzfK4NkDzZGcbWST\"  rel=\"nofollow noopener noreferrer\"><u>CryptoQuant<\/u><\/a> monitors PoR across the industry, and found OKX\u2019s assets to be \u201c<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DsqwpL83P3Ee6e3mFIJ-X1w1C1LqAFYx_IRZC9p-qfiUJ_AyLgFSrPhQBAgALw-mq7arKRCNZHOO1FU0_Pl9HR9WS4FlR352mBJz6skl_XDvHqBcmLEkcFfJR10ZVauk-&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw3fmcR0HakS56gYSsVM5JyX\"  rel=\"nofollow noopener noreferrer\"><u>100% clean<\/u><\/a>.\u201d<\/p>\n<p><strong>About OKX<\/strong><\/p>\n<p>OKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX\u2019s <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DWAn8-MoFadnIpVwK4bzCF77OXiClA8e_FITUiIhh4-JyoZeu81o0Z1uYPudYB36uafYbz1yyLX8r5VdrV1ImVA%3D%3D&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw0D45G2BnxP92DPrdVT9bqU\"  rel=\"nofollow noopener noreferrer\"><u>crypto exchange<\/u><\/a> is the second largest globally by trading volume.<\/p>\n<p>OKX\u2019s leading self-custody solutions include the Web3-compatible <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DS641DhT-taBlDP1DC1enP4ek4_IMOtt5qn_hPcNnxPoYNGM36cbIrAqc6EPY0TJMfnndcfdVBEffXGUUN0fiOA%3D%3D&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw3KdDX-kRQG73vRReUvcTEd\"  rel=\"nofollow noopener noreferrer\"><u>OKX Wallet<\/u><\/a>, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.<\/p>\n<p>OKX partners with a number of the world\u2019s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.<\/p>\n<p>OKX is committed to transparency and security and publishes its <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DuBwcCZgZTMmcpQqUM_VsTZvwNQ-DBWcuXwmAa0zKf6gzNFEG7Xbbr1X_63yXuWOK__Fu02jiPhs5NqGar0Q7JLssEGCmY4FXEluqA8qJdxA%3D&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw09vodBXKIaQgPmtQvzEsgd\"  rel=\"nofollow noopener noreferrer\"><u>Proof of Reserves<\/u><\/a> on a monthly basis.<\/p>\n<p>To learn more about OKX, download our app or visit:\u00a0<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3Dt_zyh_Sng0xxqk4jQlLrffmeGXehsgbDaRYM-WpTK_vhkWDwcsMo2GMW73CBbb19bid69ZIX-t2jPyUgDOW9uQ%3D%3D&amp;source=gmail-html&amp;ust=1676966945866000&amp;usg=AOvVaw3RUzxQ4qSLmviMq3l16g7w\"  rel=\"nofollow noopener noreferrer\"><u>okx.com<\/u><\/a><\/p>\n<p><strong>Disclaimer<\/strong><\/p>\n<p><em>This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal\/tax\/investment professional for questions about your specific circumstances.<\/em><img decoding=\"async\" src=\"https:\/\/ci6.googleusercontent.com\/proxy\/iO9cfektgOVyo3dokQI6Krm5YSP0FbwQ8z7zk-7JqeuurQ1MSomNzV4U-3192t19FHqeEm0gOYEJoORkG79WjKoe8_MQSfuvBSYlTzaXXtPfwGZJsOL-1oiWil5LH1WaybE9SRhyTUmgVGKdF5UbGSBHRjGWHMwFsPBMhtuISVLZDP4=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/media\/NGFiMGJmYjQtYzkzMy00NDdiLWI5NmMtMWNhZmY3YWE2ZWY2LTUwMDA2NzM5Nw==\/tiny\/OKX.png\" \/><\/p>\n<p align=\"center\">GlobeNewswire Distribution ID 8752437<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than 175,000 unique users checked OKX\u2019s Proof of Reserves page, and over 90,000 unique users viewed Proof of Liabilities Reserves report again shows OKX holds largest 100% clean reserves among major exchanges VICTORIA, Seychelles, Feb. 20, 2023 (GLOBE NEWSWIRE) \u2014 OKX, the world\u2019s second-largest crypto exchange by trading volume and leading Web3 technology company, [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,52,415],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OKX\u2019s February Proof of Reserves Shows $8.6 Billion USD, With Over Quarter Million Users Viewing Reserves and Liabilities - Jordan News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jordannewsgazette.com\/okxs-february-proof-of-reserves-shows-8-6-billion-usd-with-over-quarter-million-users-viewing-reserves-and-liabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX\u2019s February 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