{"id":79539,"date":"2023-05-30T10:22:36","date_gmt":"2023-05-30T07:22:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79539"},"modified":"2025-09-11T11:37:32","modified_gmt":"2025-09-11T08:37:32","slug":"okx-reveals-10-billion-in-reserves-in-btc-eth-and-usdt","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/okx-reveals-10-billion-in-reserves-in-btc-eth-and-usdt\/","title":{"rendered":"OKX reveals $10 billion in reserves in BTC, ETH and USDT"},"content":{"rendered":"<p>The OKX exchange published its seventh monthly Proof-of-Reserves report, showing $10 billion in Bitcoin, Ethereum, and the stablecoin <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\">USDT<\/a> from Tether.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? Hot Off The Press ?<a href=\"https:\/\/twitter.com\/hashtag\/OKX?src=hash&#038;ref_src=twsrc%5Etfw\">#OKX<\/a> is proud to publish our May 2023 <a href=\"https:\/\/twitter.com\/hashtag\/ProofOfReserves?src=hash&#038;ref_src=twsrc%5Etfw\">#ProofOfReserves<\/a> report.<\/p>\n<p>This is our 7th consecutive monthly report showcasing 100% reserve ratios for 22 assets including <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a>, and more.<\/p>\n<p>Verify: <a href=\"https:\/\/t.co\/FGQXXqVNIg\">https:\/\/t.co\/FGQXXqVNIg<\/a> <a href=\"https:\/\/t.co\/ztYA1XSrR4\">pic.twitter.com\/ztYA1XSrR4<\/a><\/p>\n<p>\u2014 OKX (@okx) <a href=\"https:\/\/twitter.com\/okx\/status\/1663018537068249091?ref_src=twsrc%5Etfw\">May 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The report covers a total of 22 digital assets, including (USDC), Dogecoin (DOGE), XRP from Ripple, Solana (SOL) and others. According to the exchange, client funds on the platform are backed by more than 100%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"334\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-340-1024x334.png\" alt=\"image-340\" class=\"wp-image-208166\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-340-1024x334.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image-340-300x98.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image-340-768x251.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image-340.png 1247w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/www.okx.com\/proof-of-reserves\">OKX<\/a>.<\/figcaption><\/figure>\n<p>The exchange regards as reserve assets cryptocurrencies that offer high liquidity and are recognised by the market.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Proof-of-Reserves ensures that custodians hold sufficient funds to cover all client funds on the platform and deposit obligations, while remaining solvent,&#8221; OKX said.<\/p>\n<\/blockquote>\n<p>For balance audits, the platform takes a snapshot and uses the encrypted <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-merkle-tree\">Merkle tree<\/a> system to protect against unauthorized access.<\/p>\n<p>After <a href=\"https:\/\/forklog.com\/en\/news\/okx-updates-proof-of-reserves-with-zk-starks\">implementation<\/a> in April 2023, OKX\u2019s <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-zero-knowledge-proof\">zero-knowledge proofs<\/a> technology in the Proof-of-Reserves mechanism enabled users to verify the exchange&#8217;s solvency themselves.<\/p>\n<p>In May, OKX <a href=\"https:\/\/forklog.com\/en\/news\/okx-to-add-support-for-ordinals-and-brc-20\">announced<\/a> a phased rollout of support <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-nfts-how-the-ordinals-project-is-shaping-the-bitcoin-blockchain\">Ordinals<\/a> and tokens of the <a href=\"https:\/\/forklog.com\/en\/news\/brc-20-token-market-cap-hits-650-million\">BRC-20<\/a> standard in exchange wallets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKX published its seventh monthly Proof-of-Reserves report, showing $10 billion in Bitcoin, Ethereum and USDT stablecoin from Tether.<\/p>\n","protected":false},"author":1,"featured_media":79540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1291,1371],"class_list":["post-79539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-okx","tag-proof-of-reserves"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79539"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79539\/revisions"}],"predecessor-version":[{"id":79541,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79539\/revisions\/79541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79540"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}