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tron
TRON (TRX) $ 0.063076
bitcoin
Bitcoin (BTC) $ 23,081.18
ethereum
Ethereum (ETH) $ 1,600.74
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 309.38
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.415112
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.09313
cardano
Cardano (ADA) $ 0.394219
solana
Solana (SOL) $ 24.61
matic-network
Polygon (MATIC) $ 1.15
polkadot
Polkadot (DOT) $ 6.60
tron
TRON (TRX) $ 0.063076
Saturday, January 28, 2023
HomeCoinsEthereumOKX studies $7.5B Proof-of-Reserves in BTC, ETH, USDT

OKX studies $7.5B Proof-of-Reserves in BTC, ETH, USDT

OKX has reported its Proof-of-Reserves (PoR) for the primary time revealing $7.5 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), in line with its January PoR report on Jan. 19.

OKX is the one one among the many prime 5 exchanges with “100% clear” reserves, in line with CryptoQuant — a time period bestowed when an alternate’s reserves don’t embody the alternate’s native token.

OKX reserves

OKX has over-collateralized reserves with a reserve ratio of 105% every for BTC and ETH, whereas USDT reserves are over-collateralized at 101%, in line with the report.

OKX has additionally printed over 23,000 addresses for its Merkle Tree PoR program — permitting the general public to view reserve asset flows.

OKX CMO Haider Rafique stated:

“We’ve already taken a management place by publishing our PoR month-to-month. As business requirements for PoR proceed to take form, we count on that our reserve asset high quality will likely be one in every of many key differentiating components for OKX available in the market.”

OKX Proof of Reserves - (Source: Glassnode.com)
OKX Proof of Reserves – (Supply: Glassnode.com)

Compared to OKX, Binance reserves are thought-about 87.6% clear whereas Bitfinex and Crypto.com reserves are thought-about 69.88% and 95.51% clear, respectively, in line with CryptoQuant knowledge.

BitcoinMasterNews

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