Learn English: OKX Shares Proof of Reserves, Ensuring Safety and Security (easy)

1 year, 6 months ago

OKX Shares Proof of Reserves, Ensuring Safety and Security

OKX recently published their proof of reserves report, which demonstrates that the exchange keeps customer funds safe.

The report shows that OKX has a reserve ratio of over 100%, meaning they have more assets than liabilities.

Publishing proof of reserves is important because it reassures customers that their money is secure on the exchange.

OKX uses a combination of storage methods to protect funds, including cold wallets and third-party custodians.

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Source

Original: CoinDesk

Tags

#OKX #proof of reserves #exchange #security #solvency

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