OKX, the second largest crypto exchange and Web3 technology company, has once again set a new standard in transparency and accountability by releasing its 9th consecutive Proof of Reserves (PoR) report this July. The report showcased an impressive balance of $11.3 billion in primary assets, including BTC, ETH, and USDT.
The PoR covered a total of 22 commonly used digital assets, revealing that the exchange has maintained a reserve ratio exceeding 100% for an impressive nine months in a row across all these assets. Besides the major cryptocurrencies, the PoR also encompassed assets such as XRP, DOGE, SOL, and more.
Lennix Lai, the Chief Commercial Officer of OKX Global, emphasized the importance of consistent and sustained reserves and liabilities disclosures to foster trust in the industry. The exchange has been at the forefront of monthly PoR reporting, steadfastly committed to transparency.
The majority of the exchange’s reserves are securely stored in off-chain cold storage, ensuring the safety of users’ assets. In a bid to enhance transparency further, OKX has published over 210,000 addresses for its PoR program, allowing the public to track asset flows.
Providing a self-audit tool empowers users to independently verify OKX’s solvency while safeguarding their privacy. However, the exchange has truly solidified its position as the industry leader in financial transparency, assuring its users that their assets are well-protected and backed by strong reserves.
OKX Wallet Integrates With Linea
OKX Wallet, the popular decentralized exchange (DEX), has made a significant move by integrating with Linea, a state-of-the-art Layer-2 network developed by ConsenSys. Linea utilizes cutting-edge zero-knowledge cryptography to boost Ethereum’s scalability without compromising on security and interoperability.
OKX Wallet useĀrs are now able to expeĀrience exciting beĀnefits through this integration. They can eĀnjoy faster and more cost-effeĀctive transactions while having access to a wideĀ range of assets across over 60 inteĀgrated blockchains. Managing and viewing assets on theĀ Linea network has becomeĀ effortless thanks to the availability of both weĀb and mobile platforms.
In other news, OKX Wallet – DEX has recently expanded its reach through integrations with Stargate, a cross-chain bridge, and zkSync Era, a Layer-2 protocol that scales Ethereum using ZK technology.
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