Spot cryptocurrency and derivatives exchange OKX is bolstering its efforts around transparency in a bid to reinforce trust from existing customers — and in a play to win over potential new traders — following the crash of rival FTX, which took the opposite approach. The Seychelles company has rolled out a proof-of-reserves page on its website that shows its latest collateralization ratios, as well as a self-audit tool intended to verify assets are backed on a one-to-one basis, known as proof of reserves. The concept, designed to act as a safeguard for client funds that becomes even more relevant in the event of ... (full story)