Cryptocurrency exchange OKX introduced monthly Proof of Reserves (PoR) report. According to the document, the total reserve ratio was more than 100%.
The latest OKX report shows that as of August 30, the balance of reserves in 22 digital assets exceeds $10.4 billion.
In addition to Bitcoin, Ethereum and USDT, this figure includes coins and tokens such as USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.
However, most of the reserves are occupied by three assets. According to the report, the reserve ratios of each are as follows:
- bitcoin: 102%;
- Ethereum: 102%
- USDT: 103%.
Also in his X (formerly Twitter) OKX spent survey regarding the importance of the monthly report. According to the results, about 84% of respondents consider PoR necessary.
Earlier, the OKX crypto exchange removed the ruble from the P2P platform.
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.