In a continued push for transparency and user trust, global cryptocurrency exchange OKX has released its 28th Proof of Reserves (PoR) report, revealing that it holds $28.1 billion in primary assets backing customer funds—an impressive 59% year-on-year increase. This milestone underscores OKX’s commitment to financial integrity, security, and regulatory compliance in an industry where user confidence is paramount.
The report was independently audited and verified by Hacken, a leading blockchain security firm, using cutting-edge zk-STARK proofs and cryptographic signature validations. These advanced technologies ensure that the data is tamper-proof, verifiable, and transparent to all users.
Understanding OKX’s Reserve Ratio
One of the most critical indicators of an exchange’s solvency is its reserve ratio—the proportion of user-held assets that are fully backed by real on-chain reserves. OKX continues to maintain robust reserve coverage across its major cryptocurrencies:
- BTC: 104% reserve ratio ($13.2 billion in holdings)
- ETH: 102% reserve ratio ($4.9 billion in holdings)
- USDT: 102% reserve ratio ($8.7 billion in holdings)
- USDC: 100% reserve ratio ($1.3 billion in holdings)
A 100% reserve ratio means the exchange holds one full unit of the asset for every unit customers own. Any figure above 100% indicates over-collateralization, meaning OKX holds more assets than required—providing an additional buffer against volatility or unexpected withdrawals.
“Over the past two years, we’ve significantly enhanced our PoR program by optimizing zk-STARK technology, reducing proof file size from 2.55GB to 598KB and expanding verifiable assets to 22 major cryptocurrencies. This combines with state-of-the-art encryption protocols and advanced wallet infrastructure to ensure both security and usability.”
— OKX
This technological leap not only improves verification speed but also enhances accessibility, allowing users to independently verify the exchange's reserves with minimal computational resources.
👉 Discover how leading exchanges are redefining transparency in crypto today.
Why Proof of Reserves Matters
In the wake of high-profile exchange collapses, Proof of Reserves has become a cornerstone of trust in the digital asset ecosystem. OKX attributes its consistent over-collateralized status to a multi-layered risk management framework designed to protect users and ensure platform stability.
Key Security and Risk Mitigation Measures
- Multi-Billion Dollar Insurance Fund: Funded primarily by OKX and surplus from liquidations, this fund acts as a financial backstop during periods of extreme market stress, particularly in derivatives trading. It is currently available in select markets to cover potential shortfalls.
- AI-Powered Security Tools: OKX employs artificial intelligence for deepfake detection, identity verification, and behavioral analysis. These tools help distinguish legitimate users from fraudsters, reducing account takeovers and synthetic identity attacks.
- OKX Protect: A dedicated educational hub offering users best practices for securing their accounts—ranging from two-factor authentication (2FA) setup to recognizing phishing attempts.
These layers work in tandem to create a resilient infrastructure that goes beyond basic asset backing, ensuring both security and operational reliability.
Regulatory Milestones: Building Global Trust
Beyond technical transparency, OKX has made significant strides in regulatory alignment—a crucial factor for long-term sustainability in the evolving crypto landscape.
Singapore License
In September 2024, OKX secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This allows the platform to legally offer:
- Digital payment token services
- Cross-border money transfers
- Spot cryptocurrency trading
for retail and institutional clients in one of Asia’s most regulated and influential financial hubs.
Dubai Approval
OKX Middle East Fintech FZE, the Dubai-based subsidiary, received formal authorization from the Dubai Virtual Assets Regulatory Authority (VARA) as a licensed Virtual Asset Service Provider (VASP). This license permits OKX to operate as a regulated crypto exchange in Dubai, serving both local and regional clients under clear compliance guidelines.
Australia Expansion
OKX Australia Financial Pty Ltd., registered with AUSTRAC and holding an Australian Financial Services License (AFSL) regulated by ASIC, announced in May 2024 that it would expand access to:
- Full spot trading for all users
- Derivatives trading for verified wholesale clients
This positions OKX as a key player in Australia’s growing digital asset market.
👉 See how compliant crypto platforms are shaping the future of finance.
First MiCA-Approved Global Exchange
Perhaps the most significant development is OKX becoming the first global crypto exchange approved under the European Union’s Markets in Crypto-Assets (MiCA) regulation. With this status, OKX can now "passport" its services across all 28 European Economic Area (EEA) countries.
This means:
- Full regulatory compliance under EU standards
- Localized customer support and language services
- Access to over 400 million people across Europe
MiCA sets rigorous requirements for capital adequacy, consumer protection, and market integrity—making OKX’s approval a major vote of confidence from regulators.
Core Keywords Integration
Throughout this report, several core themes emerge that reflect both user concerns and industry trends:
- Proof of Reserves
- Cryptocurrency exchange transparency
- Regulatory compliance
- zk-STARK technology
- Reserve ratio
- Crypto security
- MiCA regulation
- Blockchain audit
These keywords naturally align with search intent around trust, safety, and legitimacy in crypto platforms—ensuring this content resonates with both retail investors and institutional stakeholders seeking reliable information.
Frequently Asked Questions (FAQ)
Q: What is Proof of Reserves (PoR)?
A: Proof of Reserves is a cryptographic audit method that proves a cryptocurrency exchange holds sufficient assets to cover all user balances. It uses verifiable on-chain data and zero-knowledge proofs to ensure transparency without exposing sensitive information.
Q: Why is a reserve ratio above 100% important?
A: A ratio above 100% indicates over-collateralization, meaning the exchange holds more assets than owed to users. This provides a safety margin against price swings, operational risks, or sudden withdrawal demands.
Q: How often does OKX publish its PoR report?
A: OKX publishes its Proof of Reserves report monthly, reinforcing its commitment to ongoing transparency and real-time accountability.
Q: Can I verify OKX’s reserves myself?
A: Yes. Using the public wallet addresses and zk-STARK proofs provided in each report, technically skilled users can independently verify the reserves through blockchain explorers and verification tools.
Q: What does MiCA approval mean for users?
A: MiCA approval ensures that OKX meets strict EU standards for consumer protection, financial stability, and operational transparency—giving users greater confidence in the platform’s legitimacy and long-term viability.
Q: Is OKX available worldwide?
A: While OKX operates globally, service availability varies by region due to local regulations. Users in Singapore, Dubai, Australia, and all EEA countries currently have access to localized, fully compliant offerings.
Final Thoughts
OKX’s 28th Proof of Reserves report isn’t just about numbers—it’s a statement of responsibility in an industry still maturing. With $28.1 billion in verified assets, cutting-edge verification tech, and a growing portfolio of global licenses, OKX is setting a new benchmark for what it means to be a trustworthy digital asset platform.
As regulatory frameworks evolve and user expectations rise, exchanges that prioritize transparency, security, and compliance will lead the next phase of crypto adoption.
👉 Stay ahead in crypto with platforms built on verified reserves and global compliance.