Crypto Exchange OKX Launches New Proof-of-Reserves System Allowing Users To Verify Their Assets

Crypto Exchange OKX Launches New Proof-of-Reserves System Allowing Users To Verify Their Assets


Crypto exchange OKX is launching a new proof-of-reserve system that enables customers to verify their digital assets.

The Seychelles-based firm says the OKX Proof of Reserves (PoR) will provide a means for users to verify that their funds are backed 1:1 by real assets.

“At OKX, we hold a 1:1 reserve of all customer assets on our platform and pride ourselves on our long-standing reputation for best-in-class security. Now, we’re empowering you with greater transparency than ever before through PoR, a common cryptographic audit.”

Trending: Roseanne Barr Uses It (And So Do I)!

OKX is launching its first PoR in a bid to set a new standard of transparency, risk management and user protection following the collapse of rival FTX after an unexpected surge in withdrawals left one of the crypto industry’s most

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