OKX, a popular cryptocurrency platform, has published its Proof-of-Reserve (PoR) report, becoming the 10th cryptocurrency exchange to do so. The report reveals that OKX holds $10.4 billion in reserves, with Bitcoin, Ethereum, and Tether being the largest assets in its basket. The exchange aims to demonstrate the correctness of its liquidity in the ever-changing Market.
The PoR issuing culture started with Binance last year when it faced criticism for mishandling customer deposits. Online polls show that the majority of respondents consider PoR important, and 88% of them are more likely to choose an exchange that maintains a transparent and verifiable PoR system. OKX’s latest report covers a total of 22 cryptocurrencies, putting it ahead of other exchanges in terms of PoR release.
OKX’s basket includes 19 altcoins in addition to Bitcoin, Ethereum, and Tether. These altcoins are USD Coin, Ripple, Dogecoin, Solana, OKB, Aptos, Dash, Polkadot, alef, Eos, Ethereum Classic, Filecoin, Chainlink, Litecoin, OKT Chain, ConstitutionDAO, Ton Coin, Tron, and Uniswap.
With a daily Trading volume that ranks it as the 6th largest crypto platform, OKX has demonstrated its ability to handle customer refunds without triggering a ‘bank run.’ This has earned it a reputation as one of the customer-friendly platforms in the crypto sector. OKX operates outside the United States, giving it greater operational freedom and protection from regulatory pressures.
In summary, OKX has released its Proof-of-Reserve report, showing its reserves of $10.4 billion, including Bitcoin, Ethereum, and Tether. The report covers a total of 22 cryptocurrencies, and OKX has proven itself as a customer-friendly platform in the crypto sector. Its operational freedom and protection from regulatory pressure contribute to its success..
#Bitcoin #Altcoins #Exist
The PoR issuing culture started with Binance last year when it faced criticism for mishandling customer deposits. Online polls show that the majority of respondents consider PoR important, and 88% of them are more likely to choose an exchange that maintains a transparent and verifiable PoR system. OKX’s latest report covers a total of 22 cryptocurrencies, putting it ahead of other exchanges in terms of PoR release.
OKX’s basket includes 19 altcoins in addition to Bitcoin, Ethereum, and Tether. These altcoins are USD Coin, Ripple, Dogecoin, Solana, OKB, Aptos, Dash, Polkadot, alef, Eos, Ethereum Classic, Filecoin, Chainlink, Litecoin, OKT Chain, ConstitutionDAO, Ton Coin, Tron, and Uniswap.
With a daily Trading volume that ranks it as the 6th largest crypto platform, OKX has demonstrated its ability to handle customer refunds without triggering a ‘bank run.’ This has earned it a reputation as one of the customer-friendly platforms in the crypto sector. OKX operates outside the United States, giving it greater operational freedom and protection from regulatory pressures.
In summary, OKX has released its Proof-of-Reserve report, showing its reserves of $10.4 billion, including Bitcoin, Ethereum, and Tether. The report covers a total of 22 cryptocurrencies, and OKX has proven itself as a customer-friendly platform in the crypto sector. Its operational freedom and protection from regulatory pressure contribute to its success..
#Bitcoin #Altcoins #Exist
