Cryptocurrency exchange OKX has released its 25th proof of reserve, revealing significant increases in user and platform assets.
OKX Releases 25th Reserve Document and Shows Significant Asset Growth
A snapshot of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) assets taken on November 13 shows strong growth.
Key Points
BTC Holdings: User Bitcoin holdings increased by 1.87% compared to the last snapshot on October 8. ETH Holdings: Ethereum holdings increased by a significant 7.90% during the same period. USDT Holdings: Tether holdings increased by an impressive 15.37%.
Total Reserves: OKX currently has reserve assets of $26.611 billion, up $1.883 billion month-on-month.
OKX continues to provide regular proof of reserves as part of its commitment to transparency and user trust.
The exchange uses Merkle tree technology to allow users to independently verify their holdings, ensuring reserves fully back customer assets.
The continued growth in reserves and user assets points to strong market activity and potentially increasing interest in digital assets, particularly stablecoins such as Bitcoin, Ethereum, and USDT.
OKX reinforces its commitment to safeguarding user assets by providing regular and transparent proof of reserves, promoting trust in an industry that values accountability.
*This is not investment advice.
