Proof of Reserves: $14.5 Billion in Primary Assets and 1 Million Users

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A message from OKX Chief Marketing Officer Haider Rafique and Chief Innovation Officer Jason Lau

Thirteen months after launching our Proof of Reserves (PoR) initiative, we’re proud to release our 13th consecutive monthly report—confirming $14.5 billion in primary assets backing user funds. This milestone reflects our ongoing commitment to transparency, security, and user empowerment in the digital asset ecosystem.

Equally significant is the fact that over one million users have now accessed or verified their asset holdings through our PoR system since its debut in late 2022. This achievement underscores a growing culture of accountability and trust, where users are no longer passive participants but active validators of platform solvency.

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Advancing Transparency with Real-Time Verification

Our Proof of Reserves program was built on a simple principle: don’t trust, verify. Each month, we publish audited, real-time data that allows users to confirm that every dollar, bitcoin, or ether they hold on OKX is fully backed by equivalent reserves.

For the first time, USDC has been included in the primary asset calculation of our PoR report—a testament to the stablecoin’s rising prominence on our platform. This integration follows our strategic collaboration with Circle Internet Financial to enhance USDC functionality across the OKX ecosystem.

On September 7, we announced advanced USDC features on both OKX Wallet and OKX DEX Aggregator, including:

These innovations not only improve user experience but also reinforce the importance of stablecoins as foundational assets in Web3 finance.

Maintaining 100%+ Reserve Ratios for 13 Consecutive Months

Consistency is key when it comes to financial integrity. OKX continues to maintain reserve ratios above 100% across major assets:

This marks the 13th straight month we’ve upheld full reserve backing for these core cryptocurrencies. These figures are independently verifiable and updated monthly, ensuring real-time accountability.

We believe transparency shouldn’t be optional—it should be standard practice across the industry. That’s why we’ve consistently advocated for Proof of Reserves as a baseline requirement for all digital asset platforms.

A Growing Movement for Industry-Wide Accountability

Last month, we commemorated the one-year anniversary of our PoR program with a powerful advocacy campaign. We released a video featuring senior executives from OKX alongside influential voices in the blockchain space, including:

Together, we called on the broader crypto industry to adopt Proof of Reserves as a universal standard. The message was clear: user trust must be earned through verifiable proof—not marketing claims.

As we move forward, we’ll continue expanding this coalition of advocates and educating users about the importance of reserve verification.

FAQ: Understanding Proof of Reserves

Q: What is Proof of Reserves (PoR)?
A: Proof of Reserves is a transparency mechanism that allows cryptocurrency platforms to cryptographically prove they hold sufficient assets to cover all user balances. It enables independent verification of solvency.

Q: How can I verify OKX’s reserves?
A: You can view real-time PoR data, including merkle tree proofs and auditor reports, at okx.com/proof-of-reserves. Users can also check if their individual account balance is included in the reserve snapshot.

Q: Why does reserve ratio matter?
A: A reserve ratio above 100% means the platform holds more assets than user liabilities—ensuring full backing. This protects against insolvency risks and builds long-term trust.

Q: Is USDC safe to use on OKX?
A: Yes. USDC is issued by Circle, a regulated financial entity, and is now part of our audited primary reserves with a 104% backing ratio.

Q: Does PoR prevent hacks?
A: While PoR verifies asset backing, it doesn’t eliminate cybersecurity risks. However, combined with strong custody solutions and audits, it significantly enhances overall platform safety.

Expanding Trust Through Global Compliance

Transparency goes hand-in-hand with regulation. As part of our global expansion, OKX has launched fully regulated centralized exchanges in multiple European markets through MiCA passporting from our Malta headquarters.

Now Live in France, Spain, Germany, and Poland

Under the leadership of Erald Ghoos, CEO of OKX Europe, we’ve officially launched compliant trading services in:

These rollouts represent more than market growth—they reflect our commitment to building a secure, transparent, and legally sound infrastructure for digital assets across Europe.

Each jurisdiction operates under strict regulatory oversight, ensuring adherence to anti-money laundering (AML), know-your-customer (KYC), and consumer protection standards.

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Achieving ISO/IEC 27001:2022 Certification

Security isn’t just about reserves—it’s about safeguarding every layer of operations. We’re proud to announce that OKX has achieved ISO/IEC 27001:2022 certification, the world’s leading standard for information security management systems (ISMS).

This certification validates that our internal processes, data handling protocols, and cybersecurity frameworks meet rigorous international benchmarks. It covers everything from employee training to incident response and encryption practices—ensuring your data remains protected at all times.

Introducing OKX Pay: A New Era for Crypto Payments

From Star Xu, CEO of OKX:

Today, we’re launching OKX Pay, version one of what we believe is the first dedicated crypto payment app integrated within a major digital asset platform. Designed for over 100 million global app users, OKX Pay will begin rolling out in select markets before expanding worldwide in the coming months.

This sub-app enables seamless crypto payments for everyday transactions—bridging the gap between digital assets and real-world utility. Whether you're buying goods or sending money to friends, OKX Pay aims to make crypto spending as easy as tapping your phone.

Entering the U.S. Market with Purpose

Roshan Robert, CEO of OKX US, shares:

The U.S. stands at a pivotal moment in blockchain innovation. As crypto increasingly intersects with traditional finance and capital markets, there’s an urgent need for secure, compliant access to digital assets.

I’m honored to lead OKX’s expansion into America—bringing a platform built on transparency, regulatory alignment, and technological excellence. Our goal is clear: empower U.S. users with tools that are not only powerful but trustworthy.

We’re committed to working within existing frameworks while advocating for sensible policies that foster innovation without compromising consumer safety.

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Looking Ahead: Building a Transparent Future

As we publish our 13th Proof of Reserves report, we’re reminded that trust isn’t built overnight—it’s earned through consistent action. With $14.5 billion in verified assets, over one million engaged verifiers, and operations spanning continents, OKX remains dedicated to setting new standards in transparency and user empowerment.

We invite every user—not just on OKX, but across the entire digital asset space—to embrace the mindset of verification. Ask questions. Demand proof. Stay informed.

Because in a decentralized world, accountability starts with you.

This content is provided for informational purposes only and may cover products not available in your region. It does not constitute investment advice, an offer to buy/sell digital assets, or financial/legal/tax guidance. Cryptocurrency investments involve high risk; please consult a professional regarding your specific situation.