OKX, the second-largest offshore cryptocurrency exchange, has published its 25th proof of reserves, revealing notable increases in user and platform assets. The snapshot, taken on November 13, highlights robust growth across Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) holdings.
Key Highlights
BTC Holdings: User Bitcoin assets increased by 1.87% compared to the last snapshot on October 8.
ETH Holdings: Ethereum holdings saw a significant rise of 7.90% during the same period.
USDT Holdings: Tether assets surged by an impressive 15.37%.
Total Reserves: OKX now holds $26.611 billion in reserve assets, marking a monthly increase of $1.883 billion.
Commitment to Transparency
OKX continues to provide regular proof of reserves as part of its commitment to transparency and user trust. The exchange utilizes Merkle tree technology to allow users to independently verify their holdings, ensuring that reserves fully back customer assets.
The exchange’s steady asset growth reflects heightened user confidence and an increasing adoption of OKX’s services amid broader market recovery and rising crypto demand.
A Strong Track Record
This latest proof of reserves underscores OKX’s position as a major player in the cryptocurrency space, demonstrating its ability to attract and safeguard significant user and institutional funds. With its $26.611 billion in reserves, OKX remains one of the most well-capitalized exchanges globally.
The ongoing growth in reserves and user assets signals strong market activity and potentially increasing interest in digital assets, particularly Bitcoin, Ethereum, and stablecoins like USDT.
By maintaining a regular and transparent proof of reserves, OKX reinforces its commitment to securing user assets while fostering trust in an industry that values accountability.
