A year ago, the cryptocurrency landscape was shaken to its core. The collapse of FTX exposed deep flaws in trust, transparency, and financial accountability across the industry. In the aftermath, users demanded more than promises—they demanded proof. At OKX, we answered that call with a clear principle: Don’t trust, verify.
Today, we publish our 12th consecutive Proof of Reserves (PoR) report—marking one full year of unwavering commitment to transparency. This milestone isn’t just about numbers; it’s about rebuilding trust through action, not words.
Our latest audit confirms that OKX holds $12.5 billion in BTC, ETH, and USDT—103% of user liabilities—fully backed and verifiable on-chain. Unlike opaque financial statements, our reserves are open for anyone to validate using blockchain explorers or our zero-knowledge, open-source verification tools. No gatekeepers. No hidden wallets. Just cryptographic truth.
👉 Discover how you can verify crypto reserves yourself with transparent tools.
Why Proof of Reserves Matters More Than Ever
In traditional finance, trust is assumed. In crypto, trust must be proven. After FTX’s downfall—driven by commingled funds and misleading disclosures—the industry faced a crisis of legitimacy. Users began asking: Can I really trust this platform with my assets?
That’s where Proof of Reserves comes in.
PoR is a cryptographic audit that proves a platform holds sufficient reserves to cover user balances. It’s not a suggestion—it’s a necessity for long-term credibility. A survey we conducted in August found that 67% of crypto users believe monthly PoR reports are “very important.” In an industry often defined by volatility and skepticism, that level of consensus speaks volumes.
But we didn’t stop at publishing reports. We built infrastructure to empower users to verify independently:
- Publicly disclosed wallet addresses
- Open-source verification scripts
- Zero-knowledge proofs to protect privacy while ensuring accuracy
This isn’t performative transparency—it’s structural integrity.
The Three Pillars Behind Our Growth
Over the past year, OKX has grown into one of the world’s largest digital asset platforms, serving over 50 million users globally. But scale means nothing without substance. Our growth rests on three foundational pillars:
1. Conservative Financial Stewardship
We are not a trading firm. We do not gamble with user funds. Since our founding in 2017, we’ve maintained a conservative balance sheet, avoiding high-risk leverage and speculative ventures. While others chased headlines with celebrity sponsorships or risky lending models, we focused on sustainability.
This discipline allowed us to weather multiple bear markets—and emerge stronger when trust mattered most.
2. Innovation in Web3 Infrastructure
Transparency alone isn’t enough. Users also need powerful, accessible tools.
That’s why we’ve invested heavily in building the OKX Wallet, one of the most advanced self-custody solutions in Web3. With support for over 100 blockchains, built-in DApp browser, and seamless NFT management, it empowers users to explore decentralized finance, gaming, and identity—on their terms.
And soon, that experience gets even smoother with OKX Pay, our new crypto payment solution launching within the OKX app. Designed for mass adoption, OKX Pay aims to make sending and spending digital assets as easy as messaging a friend.
👉 See how next-gen crypto payments are being redefined today.
3. Global Expansion with Compliance at the Core
Trust isn’t built in isolation—it’s earned across borders.
In Europe, we’ve leveraged MiCA passporting from our Malta headquarters to launch regulated exchanges in France, Spain, Germany, and Poland. These aren’t just market entries—they’re commitments to operating under strict regulatory frameworks that protect users and promote innovation.
Additionally, we’ve achieved ISO/IEC 27001:2022 certification, the global gold standard for information security management. This validates our end-to-end security protocols—from data encryption to employee training—and reinforces our position as a leader in secure digital asset custody.
Frequently Asked Questions (FAQ)
Q: What is Proof of Reserves?
A: Proof of Reserves is a cryptographic audit that verifies a crypto exchange holds enough assets to cover all user balances. It uses public blockchain data and zero-knowledge proofs to ensure transparency without compromising security.
Q: How often does OKX publish PoR reports?
A: We publish Proof of Reserves reports monthly, making us one of the most consistent platforms in the industry. Each report includes real-time wallet addresses and verifiable reserve ratios.
Q: Can I verify OKX’s reserves myself?
A: Yes. Using our open-source tools and published wallet list, anyone can independently audit our holdings. Instructions are available on our Proof of Reserves page.
Q: What does 103% reserve ratio mean?
A: It means OKX holds 3% more in assets than the total value of user deposits. This buffer accounts for price fluctuations and ensures full coverage even during market volatility.
Q: Is OKX regulated?
A: Yes. OKX operates under regulatory oversight in multiple jurisdictions, including through MiCA-compliant entities in Europe and licensing efforts in other regions.
Q: What is OKX Pay?
A: OKX Pay is a new in-app payment solution designed to simplify crypto transactions for everyday use. It enables fast, secure peer-to-peer transfers and merchant payments, with broader rollout planned globally.
Building the Future on a Foundation of Trust
The crypto industry stands at a crossroads. One path leads back to opacity and speculation. The other leads toward transparency, compliance, and user empowerment.
At OKX, we’ve chosen the latter—not as a marketing slogan, but as a daily practice.
From launching regulated exchanges across Europe to pioneering open-source verification tools, every decision we make starts with trust. Because in a world where code is law, proof matters more than promises.
We invite you—whether you’re an OKX user or not—to review our latest Proof of Reserves report. Test it. Challenge it. Verify it.
👉 Start verifying crypto platform transparency with industry-leading tools now.
The era of blind trust is over. Welcome to the age of verification.