In the fast-evolving world of cryptocurrency, trust is no longer assumed—it must be proven. A year after launching our first Proof of Reserves report, OKX continues to set the standard for transparency in the digital asset industry. What began as a response to a crisis of confidence has become a foundational practice, reinforcing our commitment to user protection, technological innovation, and long-term sustainability.
This milestone marks 12 consecutive months of publishing detailed, verifiable Proof of Reserves data—over a dozen reports that have made public hundreds of thousands of blockchain addresses, open-source verification tools, and comprehensive asset attestations. Our latest report confirms that OKX holds $12.5 billion in BTC, ETH, and USDT, representing 103% of user liabilities. This over-collateralization ensures that every user deposit is fully backed, and the data is publicly auditable by anyone with access to the blockchain.
👉 Discover how you can verify crypto reserves in real time with cutting-edge tools.
The Birth of a Transparency Standard
The catalyst for this movement was the collapse of FTX in late 2022—a watershed moment that exposed systemic risks across the crypto landscape. Customer funds were misused, promises were broken, and trust evaporated overnight. In the aftermath, the industry faced a stark choice: double down on opacity or embrace radical transparency.
For OKX, the answer was clear. We didn’t need to pivot—we needed to prove what we’ve always stood for.
Since our founding in 2017, we’ve operated with a conservative financial philosophy. We are not a trading firm. We do not leverage user funds for speculative bets. We do not engage in high-risk balance sheet plays or celebrity endorsement deals that distract from core product development. Our focus has always been on building robust, secure infrastructure for the future of finance.
The FTX crisis wasn’t a wake-up call for us—it was validation of our approach.
Three Pillars of Trust and Innovation
Our journey over the past year has been guided by three core principles: security, product excellence, and global education.
1. Security Through Transparency
Proof of Reserves isn’t just a report—it’s a philosophy. By publishing cryptographic proof that all user assets are backed 1:1 (and in our case, over 100%), we empower users to verify our claims independently. Using zero-knowledge proofs and open-source tools, anyone can audit our reserves without compromising privacy or security.
This level of transparency goes beyond regulatory expectations. It’s about restoring faith in an industry where trust was once taken for granted—and lost just as quickly.
2. Building the Future of Web3 Access
Trust alone isn’t enough. Users also need seamless, secure access to the decentralized web. That’s why we’ve invested heavily in developing the OKX Wallet, one of the most advanced self-custody solutions on the market.
More than just a wallet, it’s a gateway to Web3—supporting thousands of tokens, NFTs, dApps, and multi-chain interactions. With built-in swap functionality, staking options, and phishing protection, OKX Wallet puts control back in users’ hands while minimizing friction.
👉 See how next-gen crypto wallets are redefining user control and security.
3. Educating a Global Audience
Technology only matters if people understand it. Over the past two years, we’ve undergone a strategic brand evolution—from OKEx to OKX, reflecting our broader mission beyond trading. Through campaigns like “Rewrite the System”, we’ve worked to demystify crypto and communicate our vision: a more open, equitable financial system powered by blockchain technology.
Today, OKX serves over 50 million users worldwide, making us one of the largest crypto platforms by user base and trading volume. But scale brings responsibility. With growth comes an even greater obligation to lead by example.
Why Proof of Reserves Matters
Transparency isn’t just good ethics—it’s good business. In a recent survey, 67% of respondents said monthly Proof of Reserves reports are “very important” when choosing a crypto platform. In an industry where consensus is rare, that’s a strong signal.
Users want proof—not promises.
They want to know their funds are safe, their platform is solvent, and their provider operates with integrity. Monthly Proof of Reserves reports deliver exactly that: independently verifiable assurance that a platform isn’t operating like a fractional reserve bank gambling with customer deposits.
And unlike traditional finance, where audits are conducted behind closed doors by third parties, blockchain transparency allows anyone—anywhere—to verify holdings in real time.
Frequently Asked Questions (FAQ)
Q: What is Proof of Reserves?
A: Proof of Reserves is a cryptographic audit that proves a crypto exchange holds sufficient assets to cover all user balances. It uses public blockchain data and zero-knowledge proofs to verify solvency without exposing sensitive information.
Q: How often does OKX publish Proof of Reserves?
A: OKX publishes Proof of Reserves reports monthly, making it one of the most consistent and transparent platforms in the industry.
Q: Can I verify OKX’s reserves myself?
A: Yes. OKX provides open-source tools and step-by-step instructions for users to independently verify our reserves using blockchain explorers and cryptographic methods.
Q: Does 103% coverage mean OKX profits from holding extra assets?
A: No. The slight over-collateralization reflects normal operational variances, such as unrealized gains, incoming deposits, or timing differences in data snapshots. It ensures full coverage even during volatile market conditions.
Q: Is Proof of Reserves the same as an audit?
A: Not exactly. While traditional audits rely on third-party accountants, Proof of Reserves leverages blockchain technology for real-time, trustless verification. Many experts consider it more transparent and tamper-resistant than conventional audits.
Q: Why should I care about reserve transparency?
A: Because your funds’ safety depends on it. Platforms that don’t publish regular Proof of Reserves may be hiding insolvency risks. Transparent reporting protects users and strengthens the entire ecosystem.
👉 Learn how top crypto platforms are setting new standards for user protection.
Looking Ahead: Raising the Bar
One year of “Don’t Trust, Verify” is just the beginning. As the crypto industry matures, we believe transparency should be non-negotiable. We encourage other platforms to adopt regular Proof of Reserves reporting—not because regulators demand it, but because users deserve it.
We also welcome feedback. If you have questions about our methodology, suggestions for improvement, or ideas for new verification tools, we want to hear from you. This isn’t about self-promotion—it’s about collective progress.
The future of finance must be built on trust, verified through technology, and accessible to everyone.
Final Thoughts
The collapse of FTX was a painful chapter for crypto—but it also created an opportunity. An opportunity to rebuild better, stronger, and more transparently.
At OKX, we’re not just surviving the aftermath—we’re leading the transformation. Through consistent Proof of Reserves reporting, cutting-edge Web3 products, and global education efforts, we’re proving that responsible innovation is not only possible but essential.
So don’t take our word for it.
Verify it yourself.
Because in crypto, trust isn’t given—it’s earned. And verified.
Core Keywords: Proof of Reserves, crypto transparency, blockchain verification, OKX Wallet, Web3 infrastructure, zero-knowledge proofs, user fund security