Seychelles-listed cryptocurrency exchange OKX has released its second proof-of-reserve (PoR) report in two months.
The company has promised to strive for even greater transparency by publishing detailed reports on the 22nd of every month. In addition, the exchange team announced new features that allow users to view OKX reserve ratios – for new data and for old ones.
According to the report, OKX is currently the third largest crypto exchange in terms of trading volume, and coefficient Bitcoin (BTC) and Tehter (USDT) stablecoins reserve is 101%, ether (ETH) is 103%.
“We intend to lead the industry, so we are trying to increase transparency, and with it the trust of users. We believe that PoR should be verified using open source tools so that our users can independently verify the balance and ownership of our addresses,” said Chief Marketing Officer Haider Rafique.
Earlier, the Russian Roskomnadzor blocked OKX for disseminating data on pyramid schemes and unlicensed services.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
.jpg "Trip to Bhutan")
