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OKX’s eleventh Proof-of-Reserves report reveals marked growth in user-held assets and incorporates ETH 2.0 staking data for the first time. Leading crypto exchange OKX has unveiled its eleventh Proof-of-Reserves (POR) certificate. The latest disclosure reveals significant uptrends in user-held assets, especially in the realm of Bitcoin (BTC) and Ethereum (ETH). For
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The global cryptocurrency exchange OKX released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in Nov. 2022 in its effort for more transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This
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Binance has increased the number of assets accepted by its proof-of-reserves (PoR) system from 15 to 24 by adding 11 new digital currencies. Dogecoin, Curve DAO Token, and 1inch are among the added tokens. The crypto trading platform has announced that, as of the most recent update, the total value of
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Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi. Source
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Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly proof-of-reserves (PoR) report. Based on data from blockchain analytics firm CryptoQuant, OKX claims to have the “largest clean asset reserves among major exchanges.”OKX claims to maintain 1:1 reserves, which
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Report shows reserves are largely spread between bitcoin, ether, and USDT. Source
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Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space. Carter published a detailed examination of the quality of several exchanges’ proof-of-reserves (PoR). The crypto executive used parameters such as attestation
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With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular
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OKX said the report will be published on the 22nd day of each month and besides the latest version of the report, users will also be able to download past reports at their convenience.Digital currency trading platform OKX has released its second Proof-of-Reserve (PoR) report as it seeks to deepen
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Proof of reserves is an audit method adopted by cryptocurrency exchanges in the aftermath of FTX's collapse to prove that the custodian, in this case, OKX, isn't lending out customer funds, as FTX did, and has the assets it claims to hold on behalf of its users. They have, nevertheless,
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