{"id":283988,"date":"2022-12-23T10:15:15","date_gmt":"2022-12-23T10:15:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=283988"},"modified":"2022-12-23T10:16:33","modified_gmt":"2022-12-23T10:16:33","slug":"okx-publishes-second-proof-of-reserves-update-commits-to-report-monthly","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/okx-publishes-second-proof-of-reserves-update-commits-to-report-monthly\/","title":{"rendered":"OKX publishes second Proof-of-Reserves update, commits to report monthly"},"content":{"rendered":"<p>Leading crypto exchange <a href=\"https:\/\/cryptoslate.com\/companies\/okx\/\">OKX<\/a> has published the <a href=\"https:\/\/www.globenewswire.com\/news-release\/2022\/12\/23\/2578964\/0\/en\/OKX-Publishes-Second-Proof-of-Reserves-With-New-Features-Commits-to-Monthly-PoR-Reporting.html\">second update<\/a> of its proof-of-reserves (PoR), with a promise to update on a monthly basis.<\/p>\n<p>Following the collapse of FTX, crypto exchanges including OKX and Binance have moved to improve their transparency by publishing PoR reports.<\/p>\n<p>OKX published the first version of its first proof of reserves report in December and it is accessible on the exchange's website<a href=\"https:\/\/www.okx.com\/learn\/proof-of-reserves\">.<\/a><\/p>\n<p>In a Dec. 22 update, OKX said it has published the second version of its reserve report to the public. Users can easily self-verify assets held on OKX entirely on-chain.<\/p>\n<p>According to OKX's <a href=\"https:\/\/portfolio.nansen.ai\/dashboard\/okx\">dashboard<\/a> on Nansen, the crypto exchange holds over 90% of its assets in BTC, ETH, and USDT.<\/p>\n<div class=\"index_balance__uti+R\">\n<div>In addition, OKX has committed to updating its proof of reserves on the 22nd of every month.<\/div>\n<div>\u00a0OKX CMO Haider Rafique said::<\/div>\n<blockquote>\n<div>&#8220;Publishing PoR results on a monthly basis strengthen our commitment to lead the industry when it comes to transparency and trust.&#8221;<\/div>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading crypto exchange OKX has published the second update of its proof-of-reserves (PoR), with a promise to update on a monthly basis. Following the collapse of FTX, crypto exchanges including OKX and Binance have moved to improve their transparency by publishing PoR reports. OKX published the first version of its first proof of reserves report [&hellip;]<\/p>\n","protected":false},"author":1378,"featured_media":284010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OKX publishes second Proof-of-Reserves update, commits to report monthly<\/title>\n<meta name=\"description\" content=\"OKX&#039;s latest proof-of-reserves report shows it holds over 90% of its assets in BTC, ETH, and USDT \u2014 the exchange has committed to update its reserve on the 22nd day of every month.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/okx-publishes-second-proof-of-reserves-update-commits-to-report-monthly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX publishes second Proof-of-Reserves update, commits to report monthly\" \/>\n<meta property=\"og:description\" content=\"OKX&#039;s latest proof-of-reserves report shows it holds over 90% of its assets in BTC, ETH, and USDT \u2014 the exchange has committed to update its reserve on the 22nd day of every month.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/okx-publishes-second-proof-of-reserves-update-commits-to-report-monthly\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-23T10:15:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-23T10:16:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/image_2022-12-23_151500651.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"378\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/okx-publishes-second-proof-of-reserves-update-commits-to-report-monthly\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/okx-publishes-second-proof-of-reserves-update-commits-to-report-monthly\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#person\",\"name\":\"Christian Nwobodo\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"caption\":\"Christian Nwobodo\"},\"jobTitle\":\"Journalist\",\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. 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