Crypto exchange OKX has published its fourth monthly Proof of Reserves (PoR) showing $8.6 billion held in clean assets including BTC, ETH, and USDT.
$8.6 billion in Clean assets
CryptoQuant data shows that all the OKX reserves are “100% clean”. An exchange’s reserve is considered clean if the reserves are solely made up of high market cap crypto assets and not the exchange’s native token.
Growing interest in OKX PoR
Following the collapse of FTX, OKX committed to publishing its POR report every month. Over the period, OKX users have reportedly flocked to verify their holdings.
OKX disclosed that over 175,000 unique users had visited the PoR page — while over 90,000 unique users have verified that their liabilities are accounted for in the monthly proof of reserve publication.
So far, OKX has published over 23,000 addresses for its Merkle Tree PoR program, which allows the public to view their asset flows.
The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins
The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos.