Proof of Reserves
OrangeX maintains a 1:1 reserve of all users' funds on our platform and periodically performs proof of reserves reports aimed at generating greater transparency in the assets held on our exchange.
What is Proof of Reserves (PoR)?
Proof of Reserves (PoR) ensures that custodians hold sufficient funds to cover all users assets on their platform and deposit liabilities while remaining solvent. This cryptographic attestation demonstrates that a crypto exchange holds a specific amount of assets on its blockchain at a particular time, providing transparency of aggregate user balances or the total sum of deposits on the exchange. This is achieved without revealing any sensitive information about individual account balances. PoR is a critical component of the crypto ecosystem.