For the 13th consecutive month, OKX has published its Proof-of-Reserves (PoR) report, reinforcing its position as a leader in transparency and security within the digital asset industry. The latest report confirms that OKX holds $14.5 billion in reserve assets, fully backing user funds across its platform. Since the initiative’s launch in late 2022, more than one million users have accessed or verified the exchange’s reserve data—demonstrating growing trust in transparent custodial practices.
This consistent monthly reporting underscores OKX’s commitment to accountability, especially in an ecosystem where user confidence is paramount. The PoR report independently verifies that user deposits are fully backed by on-chain reserves, ensuring a 1:1 asset-to-liability ratio for key cryptocurrencies.
Comprehensive Asset Coverage with Strong Reserve Ratios
The current PoR report covers 22 of the most widely used assets on the OKX platform, all of which maintain reserve ratios exceeding 100%. This includes major digital currencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). These figures reflect OKX’s robust financial health and its proactive approach to risk management.
Key reserve ratios include:
- BTC: 103%
- ETH: 103%
- USDT: 102%
- USDC: 104%
These percentages indicate not only full coverage of user holdings but also a small surplus, offering an additional layer of security against market volatility.
👉 Discover how leading exchanges are setting new standards in asset transparency.
Expanding Transparency: USDC Now Included in Core Reserves
In a significant update, OKX has officially included USDC as a core asset in its PoR reporting framework this month. This marks a strategic recognition of the growing importance of Circle’s stablecoin on the platform. The integration aligns with broader efforts to enhance interoperability and reduce transaction costs for users.
Earlier in September, OKX partnered with Circle to launch advanced USDC features across the OKX Wallet and OKX DEX Aggregator. By integrating Circle’s Cross-Chain Transfer Protocol (CCTP), users can now transfer USDC between chains without paying gas fees—a breakthrough in cross-chain efficiency and cost reduction.
This collaboration not only improves user experience but also strengthens the infrastructure of decentralized finance (DeFi), making asset transfers faster, cheaper, and more secure.
Innovation in Verification: zk-STARK Technology Enhances Trust
OKX continues to innovate beyond basic reserve disclosures. In April 2025, the exchange introduced zk-STARKs (Zero-Knowledge Scalable Transparent ARguments of Knowledge) into its PoR process—an advanced cryptographic method that allows users to verify the exchange’s solvency without exposing sensitive data.
With zk-STARKs, users can cryptographically confirm that their assets are fully backed while maintaining privacy. This technology eliminates reliance on third-party audits alone and empowers individuals to perform independent checks—ushering in a new era of trustless verification.
Such advancements position OKX at the forefront of technical innovation in exchange transparency, moving beyond simple snapshots toward real-time, verifiable accountability.
Industry Recognition: Praised by Blockchain Experts
OKX’s efforts have not gone unnoticed. The exchange recently received high praise from Nic Carter, a renowned blockchain analyst and partner at Castle Island Ventures, who ranked OKX among the top-tier exchanges for PoR quality. His assessment highlights OKX’s leadership in setting industry benchmarks for transparency and user protection.
Carter, along with other prominent figures like Scott Melker (The Wolf of All Streets), Sandeep Nailwal (Polygon), Jason Yanowitz (Blockworks), and Zak Brown (McLaren F1 Team), featured in a special anniversary video released last month celebrating one year of PoR reporting. The campaign advocates for universal adoption of proof-of-reserves across the crypto industry.
Why Proof-of-Reserves Matters in Today’s Market
In the wake of past exchange failures due to mismanagement or insolvency, Proof-of-Reserves has become a critical metric for evaluating platform safety. It answers a fundamental question: Can the exchange actually cover all user balances?
Unlike traditional audits, which may lag or lack granularity, PoR provides near real-time, on-chain evidence of asset holdings. When combined with cryptographic proofs like Merkle trees and zk-STARKs, it offers a powerful tool for building long-term trust.
For users, regularly reviewing PoR reports helps inform decisions about where to store and trade digital assets. Platforms that publish frequent, verifiable reports signal operational integrity and resilience.
👉 Learn how you can independently verify exchange reserves using blockchain tools.
Frequently Asked Questions (FAQ)
Q: What is Proof-of-Reserves (PoR)?
A: Proof-of-Reserves is a cryptographic method used by cryptocurrency exchanges to prove they hold sufficient assets to cover all user deposits. It typically involves publishing auditable on-chain data and Merkle tree proofs that allow users to verify their balances are included in the total reserves.
Q: How often does OKX publish its PoR report?
A: OKX publishes its PoR report monthly, making it one of the most consistent contributors to exchange transparency. This marks the 13th consecutive month of publication since the program began in late 2022.
Q: Can I verify OKX’s reserves myself?
A: Yes. Users can access the live PoR dashboard at okx.com/proof-of-reserves and use provided tools to check if their account balance is accounted for in the overall reserve snapshot. Advanced users can also validate solvency using zk-STARK proofs.
Q: Does a reserve ratio over 100% guarantee safety?
A: While a ratio above 100% indicates strong backing of liabilities, it is just one component of exchange safety. Users should also consider factors like security protocols, insurance coverage, regulatory compliance, and withdrawal history.
Q: Why is USDC now part of OKX’s main reserve assets?
A: Due to increasing demand and usage volume on the platform, USDC has been elevated to primary reserve status. This reflects its growing role in trading, DeFi activities, and cross-chain transfers via Circle’s CCTP integration.
Q: Is Proof-of-Reserves enough to ensure an exchange is safe?
A: PoR is a vital step toward transparency, but it should be combined with other due diligence measures. Look for exchanges that also implement cold storage, multi-signature wallets, regular third-party audits, and clear governance policies.
A Call for Industry-Wide Adoption
OKX’s persistent advocacy for Proof-of-Reserves aims to inspire broader adoption across the crypto ecosystem. With over one million verifications completed by users globally, the message is clear: transparency builds trust.
As digital asset adoption accelerates worldwide, exchanges must prioritize openness not just as a best practice—but as a standard. OKX’s ongoing commitment sets a benchmark others can follow.
Whether you're a seasoned trader or new to Web3, choosing platforms that publish regular, verifiable PoR reports is essential for safeguarding your investments.
👉 See how top platforms are redefining security through transparent reserve practices.
You can view OKX’s latest Proof-of-Reserves report and current reserve ratios at okx.com/proof-of-reserves, where you can also verify the platform's solvency firsthand.
Note: This article is for informational purposes only and does not constitute financial, legal, or investment advice. Digital assets carry high risk and may fluctuate significantly in value. Always conduct your own research and consult with professionals before making financial decisions.