Learn English: OKX's Proof of Reserves Confirms Strong Asset Security (normal)

1 year, 6 months ago

OKX's Proof of Reserves Confirms Strong Asset Security

OKX recently released their proof of reserves, providing evidence of the exchange's robust security measures.

The report reveals that OKX maintains a reserve ratio exceeding 100%, indicating that they have ample funds to cover customer withdrawals.

Customers value the transparency that comes with publishing proof of reserves, as it ensures the exchange's solvency.

To protect customer funds, OKX utilizes a combination of cold wallets controlled by the exchange and warm wallets stored with trusted custodians.

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Source

Original: CoinDesk

Tags

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

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