OKX reports 139,865 BTC in user assets, 47th proof-of-reserves released
Summary
OKX, one of the world’s largest cryptocurrency exchanges, announced its 47th proof-of-reserves report, revealing that user assets include 139,865 BTC, which is a 4.07% increase from its last report. In this latest snapshot, user holdings of Ether also grew by 3.49% to 1.786 million ETH, and USDT holdings increased by 4.62% to 8.49 billion tokens. The report highlights reserve ratios exceeding 100% for BTC (109%), ETH (101%), and USDT (105%), reinforcing the industry's standard practice of publishing proof-of-reserves reports to assure users of the exchange's solvency and asset backing.
Tokens
$BTC$ETH$USDT$USDC$XRP$DOGE$SOL$OKB
Analysis
OKX: OKX is a major global cryptocurrency exchange platform that facilitates trading, custody, and related services for a wide range of digital assets. In the context of this news, OKX issued its latest periodic attestation of reserves, demonstrating that its on-platform holdings of key cryptocurrencies exceed corresponding user balances as of the September snapshot. Industry Standard: Attestations like OKX's have emerged as a common mechanism for exchanges to verify full or excess reserves across multiple digital assets. Transparency Practice: Major cryptocurrency exchanges routinely publish proof-of-reserves reports to demonstrate asset backing and support user confidence in platform solvency.
Categories
cryptoethereumbitcoinsolanadefiripplebase