DUBAI, United Arab Emirates, Oct. 17, 2023 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for October 17, 2023.
OKX Hits #1 Position on CoinGecko with Trust Score and Trading Volume
On October 15, OKX was recognized by CoinGecko, a prominent crypto market data aggregator, as the number one exchange in terms of its 'Trust Score' and 24-hour trading volume. 'Trust Score' is a rating algorithm developed by CoinGecko to evaluate the legitimacy of an exchange’s trading volume, and is calculated on a range of metrics such as liquidity, scale of operations and cybersecurity score.
CoinGecko tracks over 800 crypto exchanges worldwide, with a collective reserve value of US$98.3 billion. OKX consistently ranks among the top exchanges on CoinGecko's 'Trust Score' indicator, underscoring the exchange's commitment to trust and transparency.
In addition, OKX has continued to maintain a reserve ratio of greater than or equal to 100%, as confirmed in its latest Proof of Reserves (PoR) report, showing balances of US$11.2 billion in primary assets. Blockchain expert Nic Carter also recently gave OKX's PoR the highest quality rating among major exchanges.
Users can view OKX's latest PoR report, reserve ratios and verify the exchange's solvency here.
For more information, please visit the Support Center.
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.
