Main crypto trade OKX has printed the second replace of its proof-of-reserves (PoR), with a promise to replace on a month-to-month foundation.
Following the collapse of FTX, crypto exchanges together with OKX and Binance have moved to enhance their transparency by publishing PoR studies.
OKX printed the primary model of its first proof of reserves report in December and it’s accessible on the trade’s web site.
In a Dec. 22 replace, OKX mentioned it has printed the second model of its reserve report back to the general public. Customers can simply self-verify belongings held on OKX solely on-chain.
In keeping with OKX’s dashboard on Nansen, the crypto trade holds over 90% of its belongings in BTC, ETH, and USDT.
As well as, OKX has dedicated to updating its proof of reserves on the twenty second of each month.
OKX CMO Haider Rafique mentioned::
“Publishing PoR outcomes on a month-to-month foundation strengthen our dedication to guide the trade on the subject of transparency and belief.”
