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Cryptocurrency exchange OKX released its 33rd proof-of-reserve report dated July 4. According to the report, users' Bitcoin ($BTC) holdings decreased by approximately 3.34% to 116,000 $BTC.
OKX Releases 33rd Proof of Reserves Report: $USDT Increases While $BTC and $ETH Decline
This represents a decrease of 4,035 $BTC compared to the previous snapshot dated June 14.
Ethereum ($ETH) also saw a slight decline. User $ETH balances decreased by 0.11% to 1.979 million $ETH, representing a total loss of 2,090 $ETH.
Meanwhile, Tether ($USDT) holdings saw a notable increase. Users' total $USDT balances increased by 4.62%, reaching 9.02 billion $USDT. This represents a growth of approximately 398 million $USDT.
OKX aims to increase user trust and maintain transparency through its regular proof-of-reserve reports. The company states that all technical processes are meticulously handled on behalf of users.
*This is not investment advice.