OKX and Proof of Reserves: A Transparency Framework to Enhance Investor Trust
OKX's Proof of Reserves: Since October 2022, OKX has published a monthly Proof of Reserves (PoR) demonstrating that user deposits are fully backed by real assets, with the latest report showing $24.6 billion in assets and a reserve ratio above 100% for major cryptocurrencies.
Use of zk-STARK Technology: OKX employs zk-STARK technology to ensure transparency and privacy in its PoR, allowing users to verify their balances without revealing individual account details, while also maintaining a rigorous audit process with zero discrepancies found.
Recognition and Comparison: OKX has received the highest transparency rating from expert Nic Carter and stands out among exchanges for its consistent monthly PoR publication, unlike competitors who may publish less frequently or incompletely.
User Trust and Security Initiatives: By providing open-source verification tools and launching educational resources through OKX Protect, the platform aims to enhance user security and trust, ensuring that users can independently verify the safety of their funds amidst a volatile crypto landscape.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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