OKX marks four years of monthly proof of reserves

It has published 48 consecutive monthly reports since November 2022. The latest covers more than $36B in on-chain assets across 22 cryptocurrencies, with ratios of 110% for BTC, 100% for ETH, 105% for USDT and 101% for USDC, verified using Merkle trees and zk-STARKs.

OKX is celebrating the fourth anniversary of its Proof of Reserves program, which has published 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 held at or above 100% for each asset. BTC was backed at 110%, ETH at 100%, USDT at 105% and USDC at 101%.

For four years, OKX has published cryptographically verifiable monthly proof of reserves to help its customers confirm that their assets are backed. With OKX Shield, launched in the U.S. 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 conditions and eligibility requirements.

Within a few 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, and ​​more than 37% of customer assets in the region were covered by Shield. Globally, nearly 16% of VIP customers had activated the program.

Making reserves independently verifiable.

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 each individual asset, rather than a single combined figure, so customers can see the backing of each asset.

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

Proof and protection

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

Proof of Reserves demonstrates that customer assets are backed by the reserves OKX holds, 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.

Building trust through transparency.

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 reports.

These measures give customers greater visibility into asset backing and the protection of their accounts.

Four years of Proof of Reserves represent a sustained commitment to making transparency measurable and verification more accessible. As digital assets become more relevant in people’s financial lives, customers should be able to receive clear, verifiable information about their assets and the platforms that manage them.

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

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region.

It is not intended to provide (i) investment advice or recommendations; (ii) an offer or solicitation to buy, sell or hold crypto assets/digital assets; or (iii) financial, accounting, legal or tax advice. Holding crypto assets/digital assets, including stablecoins, involves a high degree of risk and can fluctuate considerably.

You should carefully consider whether trading or holding crypto assets/digital assets is suitable for you in light of your financial situation. Please consult your legal, tax or investment advisor if you have questions about your specific circumstances.

The information (including market data and statistical information, if any) appearing in this post is for general informational purposes only. While every care has been taken in preparing this data and charts, no responsibility is accepted for any errors of fact or omissions expressed ​​herein.Digital assets are subject to volatility and are not insured. This does not constitute financial or investment advice. Not all products and services are offered in all regions. Exclusions and terms and conditions apply.© 2026 OKX.

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