Haider|Oct 30, 2025 20:05
A little known fact outside of crypto circles...
We introduced monthly Proof of Reserves at a time when two big companies in our industry were fighting with each other. One of them collapsed and wiped out portfolios of many people.
People lost trust in private crypto companies.
We decided to introduce a way for people to verify that their funds on OKX were not being misused, and always accessible.
In Dec of 2022, a month after the market shake up, we launched our Proof of Reserves report, and committed to a monthly update.
Now at a three year track record of doing PoRs we made a difference on peoples' comfort and trust with private crypto companies can uphold strong governance and transparency.
Don't get me wrong. I know as a company, we have a lot to improve, and do better. But this is table stakes, without trust, there is no future for this industry.
Any funds you deposit on OKX are always available for withdrawal, and we don't use customer funds to finance any business activity.
Thank you @nic__carter for your help in shaping our proof of reserves feature.
https://www.okx.com/learn/okx-proof-of-reserves-36(Haider)
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