Crypto exchange OKX has released its second proof-of-reserves on its website, only a month after releasing its first one.

Haider Rafique, the chief marketing officer of OKX, shared on Twitter that the crypto exchange is committed to sharing its reserve status every month.

The announcement also included the rollout of a new feature that allows “users to view OKX reserve ratios for new and historical data,” self-verify on-chain assets, and download new and historical data, Rafique said.

OKX’s second proof-of-reserves ratios indicated that the exchange has 101% of Bitcoin (BTC), 103% of Ether (ETH), and 101% of Tether (USDT) needed to handle all withdrawals in these coins. The exchange’s previously released proof-of-reserve attestation from a month ago indicated that OKX had 102% of the BTC and ETH, as well as 101% of the USDT, needed to handle all withdrawals.

The exchange hopes releasing monthly proof-of-reserves reports will help promote transparency and re-establish trust between users and cryptocurrency exchanges following the sudden collapse of FTX.

(by Judith BannermanQuist)