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Bitdeer Launches Second-Generation Bitcoin Mining Machine SEALMINER A2, Achieving Roadmap Goals

SINGAPORE, Oct. 31, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR), a world–leading technology company for blockchain and high–performance computing, officially unveiled its self–developed Bitcoin mining machine, the SEALMINER A2 series.

As the second–generation product in the SEALMINER series, SEALMINER A2 mining machine is equipped with Bitdeer's independently developed second–generation chip, SEAL02. The A2 series achieves further breakthroughs, offering higher power efficiency ratios, enhanced technologies and improved stability, compared to the A1.

The A2 series includes two models: the air–cooling SEALMINER A2 and the hydro–cooling SEALMINER A2 Hydro, designed to meet mining needs in various environments. Both models adopt advanced cooling technologies and excel in power consumption control and hashrate performance, ensuring stable operation under high–intensity workloads. Test videos of both A2 series models showcasing their exceptional performance have been released.

SEALMINER A2 vs SEALMINER A2 Hydro

These are the key specifications for both models:

  • SEALMINER A2: Power efficiency ratio of 16.5J/TH, Hashrate of 226TH/s, Power Consumption of 3,729W.
  • SEALMINER A2 Hydro: Power efficiency ratio of 16.5J/TH, Hashrate of up to 446TH/s, Power Consumption of 7,359W.

Bitdeer remains committed to enhancing transparency and efficiency in the mining industry through research and development investments and technological innovations, providing the industry with efficient and reliable mining solutions. Bitdeer will continue to uphold the principles of “Innovation, Efficiency, Stability” offering global miners higher–quality and more reliable products and services.

About SEALMINER
SEALMINER, a pioneering brand of Bitcoin mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self–developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X (formerly known as Twitter), Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on social media and other communication channels listed on its website.

Forward–Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward–looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward–looking statements, although not all forward–looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward–looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20–F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward–looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward–looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

Contacts:
For Promotional Partnerships:
marketing@bitdeer.com

For Sales Consultations:
sales@bitdeer.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/658fc26a–8029–4682–abfd–2cc623896ecd


GLOBENEWSWIRE (Distribution ID 9265310)

AQUAE Unveils Groundbreaking Sustainable Finance Ecosystem at COP28 UAE

DUBAI, United Arab Emirates, Dec. 19, 2023 (GLOBE NEWSWIRE) — via IBN — AQUAE, a revolutionary ecosystem utilizing blockchain and artificial intelligence technologies, announces its launch at COP28 in the UAE. The launch event was organized by the esteemed Art of Living Foundation. The event, aptly named “Biodiversity Harmony in Action: AQUAE's Holistic Approach to Preservation, Sustainable Finance, and Collective Consciousness,” featured a panel discussion with eminent speakers, including Gurudev Sri Sri Ravi Shankar, founder of the Art of Living Foundation, Dr. Vin Menon, co–founder and CEO of AQUAE Impact, Amir Dossal, co–founder and chairman of AQUAE Impact and the President of Global Partnerships Forum, Ovais Sarmad, former deputy executive secretary at UN Climate Change, and Gaurav Monga, acting head of resource mobilization and partnerships at UN Climate Change.

AQUAE emerges onto the global stage in collaboration with the Art of Living Foundation, an organization renowned for its commitment to environmental preservation. With a holistic approach to sustainable finance, AQUAE introduces an innovative ecosystem that not only advances the sustainable development goals (SDGs) but also plays a vital role in preserving biodiversity through the creation of bankable and insured digital sustainable–based assets of biodiversity credits.

In alignment with the Art of Living Foundation's impactful initiatives, including the planting of 100 million trees and the rejuvenation of 70 rivers, AQUAE's launch emphasizes a shared commitment to environmental conservation. Gurudev Sri Sri Ravi Shankar, founder of the Art of Living Foundation said: “AQUAE's launch marks a significant step towards a harmonious relationship between humanity and nature. The use of technology to enhance our efforts in preserving biodiversity aligns with the Art of Living Foundation's core values, and we believe it will inspire positive change globally.”

Preserving Biodiversity through Sustainable Finance: AQUAE's Mission Aligned with Art of Living Foundation's Initiatives
At the heart of AQUAE's mission, in alignment with the Art of Living Foundation, is the unwavering commitment to preserving biodiversity—an essential aspect of global sustainability. The platform employs cutting–edge blockchain and artificial intelligence technologies to capture biodiversity credits. This revolutionary approach not only addresses the urgent need for biodiversity conservation but also offers a sustainable financial mechanism for organizations and investors. Dr. Vin Menon, the co–founder & CEO of AQUAE expressed his views on how the platform will work towards creating meaningful social impact: “AQUAE stands as a testament to our commitment to making a positive impact on our planet. We are not just creating a financial platform; we are creating a solution that contributes significantly to sustainable development goals. AQUAE is a bridge between financial prosperity and environmental preservation, showcasing the power of technology to drive positive change.”

Biodiversity and Sustainable Finance: A Win–Win Scenario Championed by AQUAE
Recognizing the urgency of addressing biodiversity challenges, AQUAE provides a unique solution that encourages the preservation of biodiversity with the help of digital assets. These digital assets represent a tangible link between financial investments and the protection of ecosystems, wildlife and natural resources. This innovative approach not only fosters responsible investment practices but also aligns economic growth with environmental sustainability.

After the successful panel discussion and launch event, Gaurav Monga, the acting head of resource mobilization and partnerships at UN Climate Change, applauded the event and how the mission of the Art of Living Foundation and AQUAE help advance the UN’s Sustainable Development Goals: “This initiative not only aligns with the goals of environmental conservation but also serves as a commendable contribution toward advancing the United Nations' 2030 Agenda for Sustainable Development. The event provided a noteworthy blueprint for collective action in addressing the critical challenges of biodiversity and climate change, emphasizing the pivotal role that partnerships play in achieving the SDGs.”

About AQUAE
AQUAE is an exclusive ecosystem dedicated to advancing Sustainable Development Goals (SDGs) by capturing Biodiversity Credits to translate into bankable and insured sustainable–based digital assets through Blockchain and Artificial Intelligence technologies. The organization provides an end–to–end solution for sustainable finance, covering advisory, setup, tokenization, marketplace facilitation, and more. AQUAE’s platform, which encompasses both primary and secondary markets, operates as a social enterprise, aligning profit generation with societal and environmental benefits to create a positive impact on society and the environment. For more information, visit: AQUAE Impact

About the Art of Living Foundation
The Art of Living Foundation, founded in 1981 by Gurudev Sri Sri Ravi Shankar, is a global non–profit dedicated to promoting peace, well–being and stress elimination. Operating in 180 countries, the foundation offers programs blending ancient wisdom with modern techniques. Through meditation and holistic education, it positively impacts millions, fostering compassion, service and sustainable living.

Contact:
AQUAE Media Relations
Linju Thomas   Linju@aquaeimpact.org
hello@aquaeimpact.org

Wire Service:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717
Editor@InvestorBrandNetwork.com


GLOBENEWSWIRE (Distribution ID 9007595)

Flash News: OKX Liquid Marketplace Exceeds Over USD$3 Billion in Institutional Trading Volume

DUBAI, the United Arab Emirates, June 30, 2023 (GLOBE NEWSWIRE) — OKX, the second–largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of June 30, 2023.

OKX Liquid Marketplace Exceeds Over USD$3 Billion in Institutional Trading Volume, Records Milestone

OKX is proud to announce that its Liquid Marketplace, an on–demand liquidity network for institutional traders, exceeded USD$3 billion in trading volume. This milestone is a testament to the Liquid Marketplace's success in providing institutional traders with deep liquidity and reliable execution.

This announcement follows the launch of the 'Nitro Spreads' feature on the OKX Liquid Marketplace, an OTC, futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one–click execution.

Selected institutional clients who applied for early access via the Liquid Marketplace website can now use Nitro Spreads; wider access will be available to other institutional clients starting 5 July.

Nitro Spreads is one of the only basis trading tools in the crypto market in which the two legs of the trade are executed together via a central order book, eliminating leg risk between markets. Traders can select a guaranteed spread for a trade, eliminating the risk of the order for one leg being completed without the other. Trades are then matched and settled immediately.

The OKX Liquid Marketplace provides access to deep institutional liquidity and a number of crypto trading strategies, including futures spreads, large options block trades, or spot OTC, to run at scale. In April 2023, OKX announced that the Liquid Marketplace exceeded USD$1 billion in trading volume during the first three months of 2023, and as of the end of June 2023, the trading volume has more than tripled that figure.

To enhance its offering for institutional users, OKX is also expanding custody solutions by partnering with firms like Komainu to give institutional clients more transparency and control over funds while balancing capital efficiency, cost and security.

For more information, please visit the Support Center.

For further information, please contact:

Media@okx.com

About OKX

OKX is the second–largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. We're also building our institutional offering by expanding our trading capabilities and championing product innovation, such as our recent partnership with Komainu Connect.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.


GLOBENEWSWIRE (Distribution ID 8867388)

OKX's February Proof of Reserves Shows $8.6 Billion USD, With Over Quarter Million Users Viewing Reserves and Liabilities

  • More than 175,000 unique users checked OKX's Proof of Reserves page, and over 90,000 unique users viewed Proof of Liabilities
  • Reserves report again shows OKX holds largest 100% clean reserves among major exchanges

VICTORIA, Seychelles, Feb. 20, 2023 (GLOBE NEWSWIRE) — OKX, the world's second–largest crypto exchange by trading volume and leading Web3 technology company, today published its fourth monthly Proof of Reserves (PoR) showing $8.6 billion USD held by the exchange in BTC, ETH and USDT.

OKX users showed significant interest in viewing the reserves as well as using open–source tools to check their liabilities, with over 175,000 unique users visiting the PoR page and over 90,000 unique users verifying their liabilities are accounted for in the PoR. Third party data again shows that OKX holds the largest 100% clean asset reserves among major exchanges.

Current OKX reserve ratios:

  • BTC: 104%
  • ETH: 104%
  • USDT: 102%

As with all OKX PoR reports, users are able to view OKX's February PoR on its website, including reserve ratios for new and historical data. Reserves and liabilities can be self–verified with trustless tools on the OKX website.

OKX Managing Director of Financial Markets Lennix Lai said: "We are proud to continue the monthly publishing of our Proof of Reserves in line with our unwavering commitment to transparency and trust here at OKX. Our data shows that hundreds of thousands of our users have taken an active interest in viewing our historical reserves and using open–source tools to verify their liabilities are included. Proof of Reserves is far from a niche topic – it is of vital importance to building user trust and we are dedicated to ensuring OKX shows continued leadership in this area.”

OKX has published thousands of addresses for its Merkle Tree PoR program, and will continue to use these addresses to allow the public to view asset flows. The OKX PoR protocol is open source and available to the public on Github. Additional OKX holdings can be viewed on the OKX Nansen Dashboard.

As part of its commitment to transparency, OKX will continue to publish PoR monthly.

For further information, please contact: media@okx.com

What is Proof–of–Reserves?

Proof of Reserves is a report of crypto assets that ensures the custodian (OKX) holds the assets it claims to hold on behalf of its users. OKX uses the Merkle tree (hash tree) to prove this claim in two ways. First, users can find their balance in the tree and prove their assets are held in the total OKX balance. Second, the total OKX balance is compared to the publicized OKX on–chain wallet balance to determine Proof–of Reserves.

What are 'Clean' Reserves?

Assets are considered "clean" in PoR when a third party analysis determines they do not include an exchange's platform token, and are solely made up of high market cap "traditional" crypto assets such as BTC, ETH and USDT. Blockchain analytics firm CryptoQuant monitors PoR across the industry, and found OKX's assets to be "100% clean."

About OKX

OKX is a world–leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX's crypto exchange is the second largest globally by trading volume.

OKX's leading self–custody solutions include the Web3–compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world's top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.


GLOBENEWSWIRE (Distribution ID 8752437)

OKX's Lennix Lai Underscores Crypto's Contribution to Vision 2030 Goals at LEAP Conference

RIYADH, Saudi Arabia, Feb. 08, 2023 (GLOBE NEWSWIRE) — Lennix Lai, Managing Director of Financial Markets at OKX, one of the world's leading cryptocurrency exchanges and web3 companies, underscored the power of crypto to support Saudi Arabia's Vision 2030 goals while speaking at the LEAP Conference today in Riyadh.

Prior to his talk on the FinTech Stage at LEAP, Lai said: “Saudi Arabia is leading by example when it comes to strategic investment in high–growth financial technology as well as human capital development for its people to take advantage of the industries of tomorrow. OKX's mission is to create financial inclusion and nurture the development of global crypto markets, and I believe this can contribute to economic diversification everywhere, including Saudi Arabia. Going forward, there is much potential to invest in and build the crypto ecosystem within Saudi Arabia further in line with Vision 2030.”

Through its presence at LEAP as well as other industry gatherings, OKX is committed to investing in its team and the appropriate infrastructure to serve the region in order to further its mission of increasing financial inclusion through access to global crypto markets.

For further information, please contact:
Media@okx.com

About OKX

OKX is one of the world's leading technology companies building the future of Web3. OKX's crypto exchange is the second largest globally by trading volume.

OKX's self–custody solutions include the Web3–compatible OKX Wallet.

OKX partners with a number of the world's top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.


GLOBENEWSWIRE (Distribution ID 8745315)

Report on the Sustainability Governance Practices of the 30 Largest Global Banks Comes Up With Interesting Findings

LONDON, Jan. 19, 2023 (GLOBE NEWSWIRE) — Morrow Sodali and Nestor Advisors – A Morrow Sodali Company, are pleased to announce the publication of "Governance of sustainability in the largest global banks: A study of the top 30 European and North American banks".

This Report examines the sustainability governance practices of the 30 largest European and North American banks. In preparing the Report, we reviewed various publicly available documentation and also interviewed representatives from fifteen leading banks, including nine board chairs, other board members and senior executives. Interviewees shed light on different practices, and why banks chose to pursue them. The resulting Report compares the banks across several data points and analyzes these findings against a double index of sustainability and financial performance.

Stilpon Nestor, the Report's leading author stated, "Sustainability is one of the big issues facing banks and their leadership. Shareholders and various stakeholders, including regulators, expect banks to be proactive in sustainability. On the strategy side, the "greening of the book" is the big challenge, especially in markets with big "brown" sectors. On the risk side, some regulators expect banks to integrate sustainability risk within the core risk management framework and its key categories. They also expect a clear sustainability perspective in the risk appetite framework. In order to deliver in these areas, global banks have reshaped existing governance and organizational arrangements and have developed some new ones. Our Report examines these arrangements and comes up with interesting, sometimes counterintuitive, findings."

Among these findings, the issue of board skills in relation to sustainability was highlighted. All of the banks we interviewed do not see having sustainability experts on the board as a priority. Their priority is to make their existing board members more cognizant in the sustainability area. In that sense, they emphasize the development of director skills.

How does a board structure itself to address sustainability? In many cases, this is done by setting up a new committee. However, structure often reflects the level of maturity of the issues in a bank. One interesting finding of the Report is that banks further advanced in the "maturity spectrum" have done away with special committees and discuss sustainability as part of the general strategy and risk appetite.

Another key finding relates to the role of management in ensuring all business functions strengthen their capabilities to understand sustainability. This is an issue that touches upon all business areas of a bank, whether it is a corporate, retail or private bank, as well as risk, finance and internal audit functions. That is why most global banks have created senior management committees to oversee this transversal work. The seniority of the members of this committee is key. In 50% of the banks, the CEOs themselves are heading this senior coordinating committee.

Most banks have also included sustainability parameters in their executive remuneration approach. The Report finds that in the best performing ones, sustainability considerations have a relatively significant "weight" among other factors in determining variable compensation.

We hope you find this study insightful, and that the findings will be helpful from the perspective of all stakeholders. Click here to request the Report in full.

ABOUT MORROW SODALI

Morrow Sodali is a leading provider of strategic advice and shareholder services to corporate clients around the world. The firm provides corporate boards and executives with strategic advice and services relating to corporate governance, ESG, shareholder and bondholder communication and engagement, capital markets intelligence, proxy solicitation, shareholder activism and mergers and acquisitions.

From headquarters in New York and London, and offices and partners in major capital markets, Morrow Sodali serves over 1,000 corporate clients in 80+ countries, including many of the world's largest multinational corporations. In addition to listed and private companies, its clients include financial institutions, mutual funds, ETFs, stock exchanges and membership associations.

For more information, please visit morrowsodali.com.

ABOUT NESTOR ADVISORS

Nestor Advisors is the specialized board and governance advisory subsidiary of Morrow Sodali. We are a global advisory firm specializing in corporate governance, sustainability and organizational design, and work with the boards and senior management of financial institutions, companies and not–for–profit organizations to improve decision making, organizational structures, controls and incentives.

Fully integrated with Morrow Sodali, the two companies provide the firm's global client base with a comprehensive suite of advisory services relating to corporate governance, ESG, sustainability and stakeholder engagement.

Our services span a broad spectrum including holistic assessments yielding a significant redesign of a company's governance system, board evaluations, group governance, board training, risk management, and the development of specific policies and controls. Whatever the scope, our services are always closely tailored to our clients' needs.

For more information, please visit nestoradvisors.com.

CONTACTS

Elena Cargnello
Corporate Director, Marketing
e.cargnello@morrowsodali.com
+44 (0)20 4513 6913


GLOBENEWSWIRE (Distribution ID 8732968)

OKX Publishes January Proof of Reserves Report, Shows Largest 100% Clean Asset Reserves Among Major Exchanges

VICTORIA, Seychelles, Jan. 19, 2023 (GLOBE NEWSWIRE) — OKX, the world's second–largest crypto exchange by trading volume, today published its third monthly Proof of Reserves (PoR) showing $7.5 billion held by the exchange in BTC, ETH, and USDT, which is the largest 100% clean asset reserves among major exchanges, according to third party data.

New features included in this month's PoR include a more detailed asset balance dashboard, allowing users to see how their total assets are calculated across products denominated in BTC, ETH and USDT.

Assets are considered "clean" in PoR when a third party analysis determines they do not include an exchange's platform token, and are solely made up of high market cap "traditional" crypto assets such as BTC, ETH and USDT. Blockchain analytics firm CryptoQuant monitors PoR across the industry, and found OKX's assets to be "100% clean."

As with all OKX PoR reports, users are able to view OKX's January PoR on its website, including reserve ratios for new and historical data. Reserves and liabilities can be self–verified with trustless tools on the OKX website.

OKX CMO Haider Rafique said: "Security, transparency and trust are core tenets of the OKX business process and customer service philosophy. We've already taken a leadership position by publishing our PoR monthly. As industry standards for PoR continue to take shape, we expect that our reserve asset quality will be one of many key differentiating factors for OKX in the market."

OKX has always maintained 1:1 reserves. Current OKX reserve ratios are as follows:

  • BTC: 105%
  • ETH: 105%
  • USDT: 101%

OKX has published more than 23,000 addresses for its Merkle Tree PoR program, and will continue to use these addresses to allow the public to view asset flows. The OKX PoR protocol is open source and available to the public on Github. Additional OKX holdings can be viewed on the OKX Nansen Dashboard.

As part of its commitment to transparency, OKX will continue to publish PoR monthly.

For further information, please contact: media@okx.com

What is Proof–of–Reserves?

Proof of Reserves is a report of crypto assets that ensures the custodian (OKX) holds the assets it claims to hold on behalf of its users. OKX uses the Merkle tree (hash tree) to prove this claim in two ways. First, users can find their balance in the tree and prove their assets are held in the total OKX balance. Second, the total OKX balance is compared to the publicized OKX on–chain wallet balance to determine Proof–of Reserves.

About OKX

OKX is one of the world's leading technology companies building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX's crypto exchange is the second largest globally by trading volume.

OKX's leading self–custody solutions include the Web3–compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world's top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.


GLOBENEWSWIRE (Distribution ID 8732237)

OKX Appoints Experienced International Finance Lawyer Nicole Purin as Deputy General Counsel

  • Nicole joins OKX from the traditional banking industry, having held positions at several financial institutions in London and Dubai and in private practice at Mayer Brown and Sidley Austin.

VICTORIA, Seychelles, Nov. 17, 2022 (GLOBE NEWSWIRE) — OKX, a world–leading crypto trading app and Web3 ecosystem, today announced the appointment of Nicole Purin as its Deputy General Counsel, based in Dubai, UAE.

Nicole is an experienced international finance lawyer who has worked with trad–fi heavyweights across investment banking, derivatives and capital markets. She will be instrumental in ensuring the compliance of the OKX brand internationally.

Nicole joins OKX from Standard Chartered Bank (SCB), Dubai, where she was Senior Legal Counsel, Financial Markets, Africa & Middle East. Nicole has held positions at numerous financial institutions in London and Dubai and in private practice, specializing in derivatives, structured finance, capital markets, and securitization transactions.

Haider Rafique, Global Chief Marketing Officer, OKX, said: "We are pleased to welcome Nicole into the OKX family. As our rapid global growth continues, it is important that we continue to hire the very best in their field and that is what we have done here. It's also exciting that we have been able to add yet another female leader to the ever–growing OKX community, as we continue on our mission towards gender parity."

Nicole Purin, Deputy General Counsel, OKX, said: "I am glad to be joining OKX and the crypto industry at such an exciting time. During my time working in the traditional banking sector, I was always interested in the worlds of Web3 and Blockchain. However, despite my involvement in both, I felt like I was on the outside looking in. Now I have made the move to OKX, I finally feel like I am in the room. It's an exciting time to be joining such a talented team and a brand which holds many beliefs that I share."

In her role, Nicole will cover a broad range of legal activities, from providing counsel to the institutional sales business on a cross–border basis to conducting legal analyses of specific matters that arise relative to the company's governance and operations.

Nicole's appointment reaffirms OKX's commitment to being an equal opportunity employer and is another step closer to its goal of achieving gender parity by 2023. She has long been an advocate for the empowerment of women, having produced an award–winning documentary on the topic in the Middle East.

For further information, please contact:

Media@okx.com

About OKX
OKX is the second largest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being one of the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com


GLOBENEWSWIRE (Distribution ID 8698553)

OKX Appoints Experienced International Finance Lawyer Nicole Purin as Deputy General Counsel

  • Nicole joins OKX from the traditional banking industry, having held positions at several financial institutions in London and Dubai and in private practice at Mayer Brown and Sidley Austin.

VICTORIA, Seychelles, Nov. 17, 2022 (GLOBE NEWSWIRE) — OKX, a world–leading crypto trading app and Web3 ecosystem, today announced the appointment of Nicole Purin as its Deputy General Counsel, based in Dubai, UAE.

Nicole is an experienced international finance lawyer who has worked with trad–fi heavyweights across investment banking, derivatives and capital markets. She will be instrumental in ensuring the compliance of the OKX brand internationally.

Nicole joins OKX from Standard Chartered Bank (SCB), Dubai, where she was Senior Legal Counsel, Financial Markets, Africa & Middle East. Nicole has held positions at numerous financial institutions in London and Dubai and in private practice, specializing in derivatives, structured finance, capital markets, and securitization transactions.

Haider Rafique, Global Chief Marketing Officer, OKX, said: "We are pleased to welcome Nicole into the OKX family. As our rapid global growth continues, it is important that we continue to hire the very best in their field and that is what we have done here. It's also exciting that we have been able to add yet another female leader to the ever–growing OKX community, as we continue on our mission towards gender parity."

Nicole Purin, Deputy General Counsel, OKX, said: "I am glad to be joining OKX and the crypto industry at such an exciting time. During my time working in the traditional banking sector, I was always interested in the worlds of Web3 and Blockchain. However, despite my involvement in both, I felt like I was on the outside looking in. Now I have made the move to OKX, I finally feel like I am in the room. It's an exciting time to be joining such a talented team and a brand which holds many beliefs that I share."

In her role, Nicole will cover a broad range of legal activities, from providing counsel to the institutional sales business on a cross–border basis to conducting legal analyses of specific matters that arise relative to the company's governance and operations.

Nicole's appointment reaffirms OKX's commitment to being an equal opportunity employer and is another step closer to its goal of achieving gender parity by 2023. She has long been an advocate for the empowerment of women, having produced an award–winning documentary on the topic in the Middle East.

For further information, please contact:

Media@okx.com

About OKX
OKX is the second largest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being one of the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com


GLOBENEWSWIRE (Distribution ID 8698553)

OKX offers $3M total prize pool as it bridges Web3 and football

The OKX Football Festival will include an NFT game, a trading competition and special staking deals through OKX's Earn platform.

VICTORIA, Seychelles, Nov. 08, 2022 (GLOBE NEWSWIRE) — OKX, the world's second–largest crypto exchange by trading volume, today launched the OKX Football Festival in anticipation of national football teams meeting this month in Qatar. The OKX Football Festival consists of the NFT Football Cup, the 2022 OKX Football Cup Trading Competition and the Earn Super Hatrick
fan token staking series.

Kicking off the OKX Football Festival is the NFT Football Cup1, which offers a total of $1M in spot rewards. From November 8, fans will be able to mint up to three free NFTs2 corresponding to their favorite national teams. NFT holders will split spot rewards of 20,000 USDT each time their team advances through the group stages, with the prize pools for each eliminated team being transferred to the team that knocks them out. OKX will add 10 USDT to the prize pool for each NFT minted.3 Users will be allowed to participate in the event with any ETH wallet.

Find out more about the OKX NFT Football Cup here.

From mid November, fans will also be offered the chance to pit their crypto trading skills against one another in the 2022 OKX Football Cup Trading Competition. This contest will see teams of at least 10 traders compete for a total prize pool worth up to $2M. New user rewards, quiz–based prizes, and referral rewards will also be up for grabs.4

Haider Rafique, Chief Marketing Officer, OKX, said: "OKX is here to help people find new and innovative ways to celebrate their passions. As we raise our flags in support of our national teams this year, I hope these digital experiences help bring the crypto and football communities together and show newcomers the world of opportunities Web3 and crypto can offer them. OKX is investing heavily in its already leading Web3 Wallet and NFT Marketplace platforms, and I can confidently say that this exciting festival is only the beginning of the new opportunities we'll be offering."

Launching on November 11, the Earn Super Hatrick event will see a series of staking deals for the fan tokens of Manchester City ($CITY), Portugal ($POR), Argentina ($ARG), Flamengo ($MENGO) and the Chiliz ($CHZ) token offered. Potential APYs for the staked tokens will rise as high as 300% for $CITY and 200% for $POR, $ARG and $MENGO.5 $CITY is the official fan token of the Manchester City Football Club, for which OKX is the official cryptocurrency exchange partner.

From mid–November, OKX will also be offering the chance to win special Mystery Boxes that are themed for this winter's big tournament. Mystery Box holders will be offered the chance to win $CHZ, $ARG, $CITY and $POR tokens in addition to the reward tokens already on offer.6

For further information, please contact:
Media@okx.com

Disclaimer:
By participating, you agree that OKX's Web3 Ecosystem Terms of Service and OKX Terms and Conditions apply in full. Void where prohibited by Applicable Laws. Residents of Restricted Locations, Canada, Florida, and New York are not eligible to participate.

Trading competition terms and conditions:
OKX reserves the right to disqualify a user if they engage in inappropriate, fraudulent, or abusive activities during the competition (e.g., wash trading, volume faking, participating using multiple accounts, market manipulation, etc.).
If our risk control system detected similar trading strategies, only the participant with the highest P&L (%) or profit will be permitted to continue in the competition.
If our risk control system detected matched trading activities, all associated users will be disqualified from the competition. Users who cancel more than 10 orders per minute may be disqualified during the competition.
If a team leader from a top 10 team is disqualified, their share of the reward will be divided by the team's top 10 qualified members with a trading volume equal or greater than 10,000 USDT.
OKX reserves the right of final interpretation of the Terms & Conditions. If you have any questions, please get in touch with our customer service.

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

_______________________________________________
1 The OKX Web3 Ecosystem Terms of Service and the OKX Terms of Service apply. Void where prohibited by Applicable Laws. Residents of Restricted Locations, Canada, Florida, and New York are not eligible to participate.
2 Users will be required to stake 10 USDT per NFT, with their funds being returned in full after the tournament's completion.
3 Fans can also burn their NFTs at any time after minting ends in order to claim their share of their team's prize pool.
4 The OKX Terms of Service apply. Trading Competition Terms and Conditions also apply.
5 The OKX Terms of Service apply.
6 The OKX Terms of Service apply.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a206810c–29cd–47c6–bdc8–5da04b69e2e9


GLOBENEWSWIRE (Distribution ID 8691200)