Introduction to OKX's 32nd Proof of Reserves Report
OKX's latest Proof of Reserves (PoR) demonstrates $28.4 billion in primary assets held 1:1 against customer deposits. This monthly verification process establishes industry-leading transparency standards for cryptocurrency exchanges.
Key Features of OKX's Proof of Reserves System
- 105% reserve ratio for third-party custodial assets
- 101% reserve ratio for OKX wallet assets
- 102% reserve ratio for OKX account assets
- Publicly verifiable on-chain wallet ownership
- zk-STARK cryptographic verification protocol
Current Reserve Breakdown
| Asset Type | Amount |
|---|---|
| OKX Account Assets | $8,625,049,227 |
| OKX Wallet Assets | $8,778,992,875 |
| Third-Party Custodian | $255,101,570 |
Why Proof of Reserves Matters
Cryptocurrency exchanges must maintain 1:1 reserve ratios to ensure:
- Customer asset safety
- Platform solvency
- Market confidence
- Regulatory compliance
👉 Learn how blockchain verification works
How Proof of Reserves Works
OKX's three-step verification process:
zk-STARK Algorithm Implementation
- Uses zero-knowledge proofs to verify assets without compromising privacy
On-chain Wallet Verification
- Publicly confirms OKX's ownership of wallet addresses
Reserve Ratio Validation
- Compares total user assets with exchange holdings
Verifying Proof of Reserves Yourself
Inclusion Constraint Verification
- Access your account data via OKX's Merkle tree portal
- Download the inclusion proof JSON file
- Run through OKX's open-source zk-STARK validator
Total Balance Verification
- Download the liability report
- Extract the sum proof data
- Validate using OKX's verification tool
Wallet Ownership Verification
- Compare against OKX's published wallet list
- Verify cryptographic signatures
- Check balance against blockchain records
Frequently Asked Questions
What cryptocurrencies does OKX support in PoR?
OKX currently verifies reserves for 22 major coins including BTC, ETH, and stablecoins like USDT and USDC.
How often does OKX publish Proof of Reserve reports?
OKX conducts monthly verifications with reports published by the 5th business day of each month.
Can anyone verify OKX's reserves?
Yes, all verification tools and data are publicly available for independent confirmation.
👉 Explore our verification tools
What happens if reserve ratios fall below 100%?
This would trigger immediate asset rebalancing and regulatory reporting procedures.
Commitment to Transparency
OKX's Proof of Reserves program sets new industry standards by:
- Maintaining over-collateralization
- Using advanced cryptographic proofs
- Providing public verification tools
- Publishing monthly attestations
This system ensures OKX remains solvent while protecting customer assets through blockchain-verifiable transparency.