OKX Reports Significant Growth in Assets with Latest Proof of Reserves

Cryptocurrency platform OKX has unveiled its latest proof of reserve, marking its 25th report, which highlights notable growth in both user and platform assets.

As of November 13, the exchange’s asset holdings in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) have seen significant increases.

Bitcoin user holdings saw a rise of 1.87%, while Ethereum holdings jumped by 7.90%. Tether reserves experienced the most impressive growth, surging by 15.37%.

In total, OKX’s reserve assets now stand at $26.611 billion, reflecting a month-on-month increase of nearly $1.9 billion.

This consistent growth underscores the platform’s expanding influence and suggests heightened activity in the digital asset market, particularly in stablecoins.

OKX continues its commitment to transparency by regularly providing proof of reserves, utilizing Merkle tree technology to enable users to verify their holdings independently.

This initiative is part of the platform’s effort to foster trust and ensure its reserves fully back customer assets, reinforcing its dedication to maintaining a secure trading environment.

Alexander Stefanov