Introduction to Proof of Reserves (PoR)
Our 32nd Proof of Reserves showcases $28.4 billion USD in core assets, demonstrating OKX's commitment to financial transparency and user security. This monthly verification process ensures we maintain a 1:1 reserve ratio for all customer deposits.
Key Statistics from Our Latest Reserve Report
- 105% OKX account assets coverage
- 120,804 OKX wallet assets
- 127,111 Third-party custodial assets
Why Proof of Reserves Matters
As a leading cryptocurrency exchange, OKX prioritizes asset security through:
- Full Reserve Coverage: Maintaining 1:1 asset backing at all times
- On-Chain Transparency: Publicly verifiable wallet balances
- Monthly Audits: Regular proof of reserve reports setting industry standards
Our PoR system builds trust with regulators while supporting a healthy cryptocurrency ecosystem by preventing platform insolvency and ensuring accurate customer balances.
Understanding Proof of Reserves Technology
What Is Proof of Reserves?
PoR is cryptographic proof that verifies:
- An exchange holds sufficient assets to cover all customer balances
- Funds remain solvent without revealing individual account details
OKX currently provides reserve reports for 22 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and major stablecoins.
Our zk-STARK Verification Process
- Snapshot Creation: Capture asset balances for all accounts
- Merkle Tree Construction: Organize snapshots into verifiable data structures
Three Key Verification Rules:
- Total balance validation
- Non-negative account constraint
- Inclusion proof verification
How to Verify OKX's Proof of Reserves
Step-by-Step Verification Guide
1. Verifying Inclusion Constraint
- Access the Merkle tree data in our verification portal
- Download the inclusion proof JSON file
- Run through our open-source zk-STARK validator tool
👉 Download our verification tools
2. Checking Total Balances
- Download the zk-STARK commitment report
- Validate using the sum_proof_data.json file
- Confirm positive account balances system-wide
3. Wallet Ownership Verification
- Compare your wallet address with our published list
- Verify the "I am an OKX address" cryptographic signature
- Check balances against blockchain snapshots
Frequently Asked Questions
What cryptocurrencies does OKX include in its Proof of Reserves?
OKX verifies reserves for 22 major cryptocurrencies including BTC, ETH, USDT, USDC, and other leading digital assets.
How often does OKX publish Proof of Reserves reports?
We conduct monthly reserve verifications and publish updated reports, maintaining continuous transparency.
Can individual users verify their specific account balances?
While preserving privacy, our system allows users to cryptographically verify their inclusion in the reserve pool without exposing individual balances.
👉 Learn more about our verification process
Conclusion: Setting the Standard for Transparency
OKX's Proof of Reserves system combines zero-knowledge proofs with Merkle tree technology to deliver:
- Unmatched transparency through monthly verifications
- Mathematical certainty of asset backing
- User privacy protection through cryptographic proofs
By maintaining 100%+ reserve ratios across all verifiable assets, OKX continues to lead the cryptocurrency industry in security and trustworthiness.