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Meet the Sole Crypto Exchange Publishing Proof of Reserves After FTX's Downfall

After the high-profile collapse of the cryptocurrency exchange FTX in November 2022, the industry began looking for solutions to assure investors that centralized trading platforms are safe. This led to the idea of creating Proof of Reserves (PoR) to show the current state of a given exchange's capital reserves. OKX has just published its tenth consecutive PoR report, showing $10.4 billion in reserves in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).OKX Announces 10th Consecutive Proof of Res... Read More

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After

Downfall

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Posted: Aug 31 2023, 11:00

Author Name: financemagnates

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