OKX publishes 49th monthly proof of reserves report

OKX has published its 49th monthly Proof of Reserves report, marking more than four years of uninterrupted reserve reporting by the cryptocurrency exchange.

The latest report shows total assets of USD $33.87 billion across 21 assets. Of that, USD $27.82 billion is held in Bitcoin, Ethereum, Tether and USD Coin, with reserve ratios of 108% for Bitcoin, 101% for Ethereum, 106% for Tether and 100% for USD Coin.

OKX has issued a Proof of Reserves report every month since November 2022. The reports are intended to let customers independently verify that assets are backed.

Proof of Reserves disclosures have become a closely watched measure in the digital-asset sector after the collapse of several crypto groups increased pressure on exchanges to provide clearer evidence of holdings and liabilities. Exchanges have adopted different reporting models, but monthly disclosures with public verification tools have emerged as one way to address concerns over custody and solvency.

OKX says its system combines publicly accessible on-chain wallet data with zk-STARK cryptography and open-source verification tools. Customers can check whether their assets are included in the report without revealing sensitive account information.

Customer protection

The reserve report sits alongside broader account-protection measures at the exchange, including platform stability, risk management, threat detection, account-security controls and reporting.

OKX also highlighted OKX Shield, a programme available in selected markets that guides eligible users through account safeguards, including passkeys and withdrawal protection. The programme may provide reimbursement of up to USD $100,000 for eligible customers affected by unauthorised third-party account takeovers, or up to USD $500,000 for eligible VIP customers, subject to terms, eligibility requirements and jurisdiction.

According to the exchange, the combination of reserve disclosures and account-protection tools is designed to address two separate issues for users: whether assets are backed and how accounts are protected from unauthorised access. These measures are supported by a trading platform intended to remain resilient during periods of market volatility.

OKX operates in a market where exchanges continue to compete on trust as much as on product range and liquidity. For large platforms, reserve reporting has become part of a broader effort to show users, regulators and institutional counterparties that customer balances can be checked against assets held on-chain.

The latest figures indicate that the exchange is reporting reserves above 100% for its largest disclosed crypto holdings, a threshold often cited by platforms as evidence that customer assets are fully backed. The composition of the reported reserves also underlines the central role of Bitcoin, Ethereum and dollar-linked stablecoins in exchange balance sheets and customer activity.

OKX says it has 13 years of operating experience across multiple market cycles. That history has informed continued investment in infrastructure and controls intended to support security and operational resilience.

In Australia, the group operates through OKX Australia, which offers spot trading in digital assets, direct Australian dollar deposits and withdrawals through local banks, a platform for self-managed super fund trustees and stablecoin payment products. Its Australian business also holds an Australian Financial Services Licence to offer derivatives to verified wholesale clients.

Lennix Lai, Global General Manager at OKX, commented on the reserve reporting programme.

"For more than four years, our Proof of Reserves program has given customers a consistent way to verify that their assets are backed," said Lennix Lai, global general manager at OKX. "That commitment has remained constant through different market cycles, and it reflects the trust customers should expect from a platform built for the long term."