The Latest PoR Report: A Testament to Growth
OKX, the esteemed crypto exchange based in Seychelles, recently rolled out its 11th consecutive monthly Proof of Reserves (PoR) report. A prominent revelation from the report is the impressive holding of $11.2 billion in primary assets. This is a notable increase, a 7.6% surge from August when the assets were at $10.4 billion. Among the cryptos they hold, Bitcoin, Ethereum, and USDT stand out with strong positions. Their portfolio also houses other crypto giants, such as XRP, Dogecoin, and Solana.
The Importance of Transparency in OKX’s Philosophy
While many exchanges operate behind curtains, OKX is charting a different path. Their regular PoR reports stand as evidence of their commitment to transparency. Lennix Lai, an integral part of OKX, voiced the exchange’s unwavering dedication to authenticity and clarity.
Gm. Time flies, and def flies faster in crypto.
Today we published our 11th #ProofofReserves where we show our reserves in ratio of total customer funds.
The saying goes.. “Don’t trust. Verify.”https://t.co/zOUEbqZIde
Significant Steps Beyond Transparency
Transparency isn’t the only area where OKX is making waves. They recently burned a massive 6.1 million OKB tokens, equivalent to over $265 million. This move is a continuation of their strategy initiated in May 2019, which has so far removed a staggering 70 million tokens from the market.
OKX’s Future Roadmap: Expansion and Innovation
Future prospects for OKX seem promising. They’ve laid out plans to extend their presence, with a spotlight on Hong Kong. Their operational model is unique, functioning across various global hubs, including Singapore, Dubai, and the Bahamas. The Indian market is also on their radar, signaling their ambition to promote next-gen online tools in the subcontinent.
Conclusion: Setting a Gold Standard in the Crypto Realm
OKX’s consistent endeavors towards transparency and growth set them apart. Their proactive steps in ensuring trust and their ambitious roadmap place them at the forefront of the crypto evolution