OKX’s 11th Reserve Proof Report reveals marked growth in assets held by users and incorporates eth 2.0 staking data for the first time.
OKX, the main cryptocurrency exchange has revealed its eleventh Proof of Reserves (POR) certificate. The latest disclosure reveals significant bullish trends in assets held by users, especially in the realm of bitcoin (btc) and ethereum (eth). For the first time, the exchange’s POR report incorporates figures related to eth 2.0 staking, representing a staggering 41.8% increase in users’ eth assets.
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A Deeper Dive: Understanding the Numbers
The current disclosure shows that the exchange has a btc reserve ratio of 102%. Total btc assets held by users amounted to 142,635, an increase of 7,376 btc since the previous report.
Notably, the report includes eth 2.0 staking data for the first time. eth reserve ratio is 103%. eth assets held by users have skyrocketed to 1,370,982, a growth of 41.8% driven in part by the inclusion of eth 2.0 staking.
The POR report also highlights a reserve ratio of 102% for Tether (USDT) and 106% for USD Coin (USDC). For XRP, the reserve ratio is 103%. Users hold 173,284,313 XRP, with 178,401,336 XRP in OKX’s own wallets, all of which are held in exchange wallets.
The latest POR comes amid increased scrutiny on cryptocurrency exchanges, requiring greater transparency. OKX’s disclosure serves to reinforce its reputation for financial integrity and user trust.
Last month, OKX conducted two surveys on X (formally known as Twitter) to understand community sentiment on transparency and POR. Surveys showed that 84% of users want to see monthly POR reports, and it is very important for the community when choosing which exchange to trust.
