OrangeX Announces Its Verified Proof of Reserve, Guarantees 100% of Users’ Assets
Victoria, Seychelles, 10th September 2024, ZEX PR WIRE, As a secure and stable global crypto exchange, OrangeX unveiled its launch of Proof of Reserve system and assured that all customer assets held on the platform are fully backed (at least 1:1), safely stored and available for redemption. In addition, OrangeX made its proof-of-reserves public in CoinMarketCap, the most referenced and trusted source for cryptocurrency projects and exchanges.
The exchange claims that by making its POR public, it hopes to reassure consumers that their assets are secure and have enough liquidity to meet their withdrawal requests.
Proof of Reserve or POR is a verifiable attestation procedure that helps enhance transparency to centralised cryptocurrency reserves. OrangeX provides a visual verification...