OKX now supports client funds with $35.4 billion in primary assets, an annual increase of 75%, as its 36th consecutive PoE report sets a new verifiable benchmark for a sector under regulatory scrutiny.
Summary
- OKX marks three years of continuous Proof of Reserves reporting, confirming $35.4 billion in fully backed assets across 22 tokens.
- The exchange reports 75% year-over-year growth in reserves and over 100% coverage for major assets such as BTC, ETH and USDT.
- User verification is increasing: ZK audits are up 386% and “View My Audit” engagement is up 123%.
In a press release shared with crypto.news on October 30, OKX announced that it has completed 36 consecutive months of Proof of Reserves reporting, confirming $35.4 billion in primary assets fully supporting customer funds.
The exchange said the reserves, verified by blockchain security firm Hacken, show more than 100% coverage across 22 major assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Tether (USDT) and USD Coin (USDC).
The milestone, which marks the third anniversary of OKX’s PoR program, also revealed a 75% year-over-year increase in total assets and a sharp increase in onchain audit participation, an indication that users are not just holding funds but actively verifying them.
“Three years of PoR reporting shows progress and consistency. What started as a crisis response has set an industry standard. As crypto further integrates with traditional finance, we will ensure that trust is always verifiable – on-chain and open to all,” OKX said in the statement.
Transparency in numbers: how OKX’s reserves are stacking up
OKXs last Proof of Reserves shows that the largest holdings remain fully covered, with a coverage ratio that exceeds industry expectations. For Bitcoin, the exchange shows a reserve ratio of 105%, meaning the exchange has more BTC in its wallet than customers have on the trading platform.
Similarly, Ethereum is backed at 102%, and Solana reserves are at 102%. In the stablecoin sector, Tether is over-backed at 106%, while USD Coin is fully backed at 100%.
This verifiable assurance extends to major altcoins. Dogecoin (DOGE), a memecoin with a huge circulating supply, maintains a reserve ratio of 101% on the platform. Ripple (XRP) is also fully supported and then some, with reserves exceeding customer balances by 6%. A portion of these assets are held in escrow for each coin by third parties, adding an additional layer of security and separation for customer funds.
In addition to the figures, user participation has increased enormously in addition to these monthly certificates. Engagement with the ‘View my audit’ feature increased 123% year-over-year.
Notably, the use of zero-knowledge (ZK) authentication technology has exploded by 386% over the same period. This trend signals a crucial shift in user behavior; Traders are no longer passive, but actively participate in the audit process, using advanced tools to privately confirm the safety of their own assets.
Building bridges to traditional finance
Building on this foundation of demonstrated solvency, OKX is forging crucial ties with traditional finance. The exchange recently expanded its partnership with banking giant Standard Chartered to the European Economic Area.
The partnership allows institutional clients to trade on the OKX platform while their assets are safely held at the Global Systemically important Bank (G-SIB), effectively combining the liquidity of crypto exchanges with the security standards of traditional finance.
These efforts are based on a strengthened security framework. OKX said it has achieved the ISO/IEC 27001:2022 certification for information security management and the CSA STAR Level 1 attestation for cloud security.
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