Bitcoin exchange OKX has published its third monthly proof of reserves (Proof-of-Reserves), confirming the provision of user assets in leading cryptocurrencies. According to the January 18 snapshot, client deposits are 105% exposed to reserves in BTC and ETH, and 101% in USDT. The total collateral ratio increased compared to the previous month. The platform has also updated the panel detailing the balance in assets. Data: OKX. The company noted that it considers it important to confirm “net reserves”, which do not include exchange tokens and consist exclusively of highly liquid assets with a large capitalization. According to the dashboard Nansen,
Binance and OKX lead with consistent Proof-of-Reserves above 100% and regular reports. Bybit and Kraken improve transparency but report less frequently and inconsistently. Coinbase lacks any Proof-of-Reserves reports, creating significant transparency gaps. Proof-of-Reserves (PoR) has become a major transparency tool for cryptocurrency exchanges to show that all user funds are…
A new report by CryptoQuant ranks the transparency of five major crypto exchanges based on their proof-of-reserves (PoR) practices. The analysis revealed that Binance is leading, while other players like Bybit, OKX, Kraken, and Coinbase are trailing. The PoR Rankings The survey evaluated each exchange’s reserve ratio, a metric calculated…