OKX Reports $8.6B in ‘Clean Assets’: Verified by 175,000 Users

• OKX released its fourth Proof of Reserves (PoR) report, revealing that it holds ‘clean assets’ worth $8.6 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
• Over 175,000 users have flocked to OKX’s PoR page to verify their holdings. The reserve ratio for Bitcoin, Ethereum, and Tether was found to be 104%, 104%, and 102% respectively.
• Overall, the February reserves report has increased by nearly 15% compared to January.

OKX Releases Fourth Proof of Reserves Report

OKX released its fourth monthly Proof of Reserves (PoR) enabling its users to verify that the Seychelles-based crypto exchange holds the amount of cryptocurrency that it claims to.

Clean Assets Worth $8.6 Billion Verified

The report revealed holding clean assets worth $8.6 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the latest data, OKX’s wallets held 135,735 BTC against a user balance of 130,664 BTC.

Reserve Ratios Increase Slightly

Its reserve ratio for Bitcoin has increased to 104% in the past month. The reserve ratio for Ethereum also noted a slight rise since its previous report and stood at 104%. The exchange wallets recorded assets worth 1,341,238 ETH against the user balance of 1,288,504 ETH.

Tether Reserve Ratio Stands at 102%

Meanwhile, a similar trend was noted across the reserve ratio of Tether which was found to be 102%.

Overall Increase Of 15% In February

Overall OKX’s February reserves report has increased by nearly 15% compared to January.