Bitcoin Exchange OKX Releases Its 38th Reserve Report! Here Are the Details

OKX has released its 38th Proof of Reserves report, based on the snapshot from December 11th.

According to the data released, there has been a significant increase in user assets on the exchange compared to the previous report. This indicates that user confidence and asset volume on the platform have been maintained despite fluctuations in market conditions.

According to the report, OKX users’ Bitcoin ($BTC) holdings have reached approximately 130,000 $BTC. This figure represents a 0.05% increase compared to the previous snapshot on November 19th, or a net rise of 68 $BTC. The limited increase in Bitcoin holdings indicates that investors are maintaining a cautious stance, and it is noteworthy that assets continue to be held on the exchange.

Ethereum ($ETH) saw even stronger growth. Users’ total $ETH holdings rose to approximately 1,645,200 $ETH. This represents a 2.14% increase compared to the previous report, with a net inflow of 34,431 $ETH. This increase in Ethereum suggests that expectations focused on staking and the ecosystem are reflected in user behavior.

$USDT holdings also showed a significant increase. The total $USDT balance of OKX users reached approximately 11.185 billion $USDT. This figure represents a 4.23% increase compared to the previous period and indicates an additional inflow of approximately 450 million $USDT. This growth in the stablecoin sector reveals that investors prefer liquidity and flexibility in volatile market conditions.

OKX continues to emphasize transparency through its regularly published Proof-of-Reserve reports, publicly disclosing that user assets are held with one-to-one backing. This approach is considered to play a significant role in building trust in the crypto market.

*This is not investment advice.