OKX has now established a new verifiable benchmark in the regulatory-monitored industry with its 36th consecutive PoR report, supporting client funds with $35.4 billion in primary assets, an annual increase of 75%.
summary
- OKX has recorded three years of continuous margin reporting, confirming $35.4 billion in fully backed assets across 22 tokens.
- The exchange reports that its reserves have increased by 75% year-on-year and covers more than 100% of major assets such as BTC, ETH, and USDT.
- User verification has skyrocketed, with ZK audits up 386% and “View My Audit” engagement up 123%.
In a press release shared with crypto.news on October 30, OKX announced that it has completed its 36th consecutive month of Proof of Reserves reporting, confirming $35.4 billion in primary assets fully backing customer funds.
According to the exchange, this reserve, verified by blockchain security firm Hakken, shows over 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 participation in on-chain audits, demonstrating that users are not only holding funds, but actively verifying them.
“The three-year PoR report shows progress and consistency. What started as a crisis response has established an industry standard. As cryptocurrencies become more integrated with traditional finance, we ensure that trust is always verifiable – on-chain and open to all,” OKX said in a statement.
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Transparency in numbers: How OKX’s reserves are stacked up
OKX’s latest reserve certification shows that its largest holdings remain fully backed, with coverage exceeding industry expectations. In the case of Bitcoin, the exchange has a reserve ratio of 105%, meaning that customers have more BTC in their wallets than they have on the trading platform.
Similarly, Ethereum’s backing is 102% and Solana’s reserves are 102%. In the stablecoin sector, USD Coin is fully backed at 100%, while Tether is particularly overcollateralized at 106%.
This verifiable guarantee also applies to major altcoins. Dogecoin (DOGE), a memecoin with a large circulating supply, maintains a 101% reserve ratio on the platform. Ripple (XRP) is also fully backed and partially backed, with reserves exceeding customer balances by 6%. A portion of these assets will be held under third party control for each coin, providing an additional layer of security and separation for customer funds.
Beyond the numbers, user participation has also skyrocketed along with monthly verifications. Engagement for the “View My Audit” feature skyrocketed 123% year-over-year.
Remarkably, the use of zero-knowledge (ZK) verification technology has exploded by 386% over the same period. This trend signals a significant shift in user behavior. Traders are no longer passive, but active participants in an audit process that uses sophisticated tools to privately verify the safety of their assets.
Building a bridge to traditional finance
OKX builds on this foundation of provable solvency by making important connections to traditional finance. The exchange recently expanded its partnership with banking giant Standard Chartered into the European Economic Area.
The partnership will allow institutional investors to trade on OKX’s platform while their assets remain securely held in Global Systemically Important Banks (G-SIBs), effectively blending the liquidity of crypto exchanges with the security standards of traditional finance.
Underpinning these efforts is an enhanced security framework. OKX announced that it has obtained ISO/IEC 27001:2022 certification for information security management and CSA STAR Level 1 certification for cloud security.
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