OKX Celebrates Four Years of Proof of Reserves

OKX is celebrating the fourth anniversary of its Proof of Reserves program, which has delivered 48 consecutive monthly reports since November 2022. The latest report covers more than $36 billion in on-chain assets across 22 major cryptocurrencies, with reserves maintained at or above 100% for every asset. BTC was backed at 110%, ETH at 100%, USDT at 105% and USDC at 101%.

For four years, OKX has published monthly, cryptographically verifiable Proof of Reserves to help customers verify that their assets are backed. With OKX Shield, launched in the US and Europe this fall, eligible customers can also access an additional layer of protection against certain third-party account-takeover incidents, subject to applicable terms and eligibility requirements.

Within weeks of launch, nearly 45% of European VIP customers had activated Shield. More than 21% of daily active users in Europe had also activated the program, with more than 37% of customer assets in the region covered by Shield. Globally, nearly 16% of VIP customers had activated the program.

Proof of Reserves uses on-chain data, zk-STARK cryptography and open-source tools to help customers verify their assets. Customers can confirm that their balance is included through a Merkle proof and verify wallet ownership in just a few minutes.

OKX publishes reserve ratios for individual assets, rather than only one combined figure, so customers can see the backing for each asset.

Since its launch, the program has evolved to support privacy-preserving on-chain verification and independent review.

Proof of Reserves and OKX Shield serve different purposes, but together they reflect OKX’s broader commitment to customer trust and peace of mind.

Proof of Reserves shows that customer assets are backed by reserves held by OKX, while OKX Shield helps protect eligible accounts from certain third-party account-takeover incidents.*

Together, they give customers two distinct ways to build confidence: proof that their money is there, and protection for the account that holds it.

OKX continues to invest in a broader security framework that includes advanced encryption and access controls, risk-management infrastructure, proactive threat detection and independently verifiable Proof of Reserves reporting.

These measures give customers greater visibility into asset backing and account protection.

Four years of Proof of Reserves represents an ongoing commitment to making transparency measurable and verification more accessible. As digital assets become a more meaningful part of people’s financial lives, customers should be able to receive clear, verifiable information about their assets and the platforms that hold them.

*OKX Shield is a voluntary, discretionary goodwill program and is not insurance. Account protection is subject to applicable terms, conditions, eligibility requirements, exclusions and case review. Availability varies by jurisdiction.