A message from OKX Chief Marketing Officer Haider Rafique
Today, we published our 12th consecutive Proof of Reserves report—an important milestone marking one full year of unwavering commitment to transparency in the digital asset industry. Over the past twelve months, we’ve published hundreds of thousands of blockchain addresses, developed open-source verification tools, and continuously refined our reporting methodology—long after headlines faded and public scrutiny shifted elsewhere.
Our latest Proof of Reserves confirms that OKX holds $12.5 billion in BTC, ETH, and USDT, representing 103% of user liabilities. This means every dollar deposited by users is fully backed—and then some. The data is entirely on-chain, publicly verifiable, and accessible to anyone with an internet connection. Users can validate these reserves themselves using our zero-knowledge, open-source tools, ensuring privacy without sacrificing transparency.
👉 Discover how transparent crypto platforms are changing the game—verify it for yourself.
Why Proof of Reserves Matters More Than Ever
The importance of Proof of Reserves cannot be overstated—especially in the aftermath of the FTX collapse one year ago. That event was not just a failure of a single company; it was a systemic breakdown fueled by misuse of customer funds, lack of transparency, and broken promises. Trust in centralized crypto platforms plummeted to historic lows.
In that moment, the industry faced a choice: retreat into obscurity or rebuild on a foundation of accountability. At OKX, we chose the latter.
For us, this wasn’t a sudden shift in strategy—it was a reaffirmation of principles we’ve held since our founding in 2017. We’ve never engaged in high-risk trading with user funds. We’re not a hedge fund. We’re a technology-driven platform focused on building secure, scalable Web3 infrastructure for users worldwide.
This conservative, user-first approach has allowed us to navigate multiple bear markets, regulatory shifts, and market volatility—not by luck, but by design.
Three Pillars of Our Growth and Transparency
1. Technology First, Always
We believe the future of finance lies in decentralization, self-custody, and open access. That’s why we’ve invested heavily in developing the OKX Wallet, one of the most advanced Web3 wallets on the market. It enables seamless interaction with decentralized applications (dApps), NFTs, DeFi protocols, and multi-chain ecosystems—all from a single interface.
By empowering users with tools they can trust and verify, we’re helping accelerate mainstream adoption of blockchain technology.
2. Transparency as a Standard
Proof of Reserves is not a marketing tactic—it’s a core operational principle. We publish monthly reports because we believe users deserve real-time assurance that their assets are safe.
A recent survey revealed that 67% of crypto users consider monthly Proof of Reserves reports "very important." In an industry where consensus is rare, that’s a powerful signal.
We don’t just meet expectations—we aim to set them. That’s why we go beyond simple attestations and provide open-source tooling, enabling independent verification by developers, auditors, and everyday users alike.
👉 See how leading platforms are redefining crypto transparency—start verifying today.
3. Global Expansion with Compliance at the Core
Our mission extends far beyond technology—we’re building a globally accessible, regulatory-compliant ecosystem. Over the past year, OKX has officially launched regulated centralized exchanges in key European markets:
- France, enabled through MiCA passporting from our EU headquarters in Malta
- Spain, offering secure and compliant trading for millions
- Germany and Poland, two of Europe’s fastest-growing crypto markets
These launches reflect our deep commitment to working within evolving regulatory frameworks while expanding access to digital assets.
Additionally, we’re proud to announce that OKX has achieved ISO/IEC 27001:2022 certification, the world’s leading standard for information security management. This validates our robust security infrastructure and reinforces our position as a leader in digital asset protection.
Introducing OKX Pay: The Future of Crypto Payments
From Roshan Robert, CEO of OKX US:
We’re entering a new era where blockchain technology intersects directly with traditional finance. I’m honored to lead OKX’s expansion into the United States, where we’ll bring secure, transparent, and compliant access to digital assets for millions more.
And we’re not stopping there.
From Star Xu, CEO of OKX:
Today, we’re launching OKX Pay—a first-of-its-kind crypto payment solution built inside the OKX app. Designed for over 100 million global users, OKX Pay enables fast, secure peer-to-peer transactions using stablecoins and major cryptocurrencies. Starting in select markets, with global rollout underway, this is our vision for the next generation of financial inclusion.
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 deposits. It uses blockchain transparency to allow independent verification.
Q: How can I verify OKX’s reserves myself?
A: You can use our open-source tools to check wallet balances and match them against user liabilities. Step-by-step instructions are available in our public documentation.
Q: Why is 103% reserve coverage significant?
A: Holding more than 100% in reserves ensures full coverage even during market fluctuations and demonstrates financial health and responsibility.
Q: Is OKX regulated?
A: Yes. OKX operates regulated exchanges in multiple jurisdictions, including under MiCA regulations in Europe via our Malta-based entity.
Q: What makes OKX Wallet different from other Web3 wallets?
A: It combines ease of use with advanced features like built-in DEX aggregation, NFT support, and cross-chain swaps—all while prioritizing security and self-custody.
Q: How does ISO/IEC 27001 certification benefit users?
A: It ensures that OKX follows internationally recognized best practices for data security, risk management, and operational integrity.
👉 Explore how cutting-edge security and transparency come together in modern crypto platforms.
Looking Ahead: Building Trust Through Action
One year after FTX’s collapse, the crypto industry still stands at a crossroads. The path forward must be paved with transparency, accountability, and user empowerment.
At OKX, we’ve proven that it’s possible to grow—reaching over 50 million users—without compromising on ethics or security. We’ve shown that innovation and compliance can coexist.
But none of this matters without trust.
So we invite you—not just as users, but as participants in this ecosystem—to look under the hood. Ask questions. Run the numbers. Verify the data.
Because in crypto, the most powerful principle isn’t blind faith.
It’s don’t trust, verify.
This content is for informational purposes only and may refer to products not available in your region. It does not constitute (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins, are highly risky and may fluctuate significantly. Carefully consider whether trading or holding crypto/digital assets is suitable for you based on your financial situation. Consult a legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistics) is provided as general information only. While reasonable precautions have been taken in preparing this material, no responsibility is accepted for any material error or omission.