OKX Holds $10.4 Billion in Bitcoin, Ethereum, and Tether Reserves

One sentence summary – Cryptocurrency exchange OKX has revealed that it holds $10.4 billion worth of Bitcoin, Ethereum, and Tether in its reserves, and is committed to providing monthly audits to ensure transparency and accountability, with recent data showing that the exchange holds more assets than its users, enhancing customer reassurance and trust within the crypto community.

At a glance

  • OKX holds $10.4 billion worth of Bitcoin, Ethereum, and Tether in its reserves
  • OKX provides monthly audits of its digital asset proof of reserves
  • Users hold a total of 135,259 BTC, while the exchange holds 138,584 BTC
  • Users hold 966,527 ETH, while the platform holds 988,631 ETH
  • Users hold 5.01 billion USDT, while OKX wallet addresses hold 5.1 billion USDT

The details

OKX, a cryptocurrency exchange, has revealed that it holds $10.4 billion worth of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) in its reserves.

The exchange is committed to providing monthly audits of its digital asset proof of reserves.

This commitment allows customers to access audited proof that their crypto assets are backed on a 1:1 basis.

OKX’s most recent audit shows that the exchange holds more BTC, ETH, and USDT than its users.

Users hold a total of 135,259 BTC, while the exchange holds 138,584 BTC.

This includes 3,056 BTC in third-party custody.

Users hold 966,527 ETH, while the platform holds 988,631 ETH.

This includes 10,253 ETH in third-party custody.

In terms of USDT, users hold 5.01 billion, while OKX wallet addresses hold 5.1 billion USDT.

This includes 72 million USDT in third-party custody.

OKX’s Proof of Reserves covers 22 commonly used digital assets.

The exchange has consistently maintained a reserve ratio exceeding 100% for ten consecutive months.

This indicates that the platform possesses more assets than it owes to its users, ensuring solvency.

A poll conducted on the social media platform X reveals that 67.5% of voters consider monthly proof of reserves reports to be very important.

This highlights the significance of transparency and accountability within the crypto industry.

Another poll on the same platform shows that 79.6% of voters consider transparency to be crucial when deciding which crypto platform to trust.

OKX’s recent audit data demonstrates that the exchange holds a significant amount of BTC, ETH, and USDT in its reserves.

Its commitment to monthly proof of reserves reports enhances transparency and provides reassurance to customers.

The polls conducted on the social media platform X indicate the importance of regular audits and transparency in building trust within the crypto community.

Article X-ray

A colorful stack of coins representing Bitcoin, Ethereum, and Tether, symbolizing the $10.4 billion reserves held by OKX.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

dailyhodl.com
– OKX has revealed that it holds a combined $10.4 billion worth of Bitcoin, Ethereum, and Tether in its reserves.
The platform is committed to releasing monthly digital asset proof of reserves audits.
– Customers can access audited proof that their crypto assets are 1:1 backed.
– OKX’s most recent audit shows that the exchange holds more BTC, ETH, and USDT than its users.
– Users hold 135,259 BTC, while the exchange holds 138,584 BTC, including 3,056 in third-party custody.
– Users hold 966,527 ETH, while the platform holds 988,631 ETH, including 10,253 in third-party custody.
– Users hold 5.01 billion USDT, while OKX wallet addresses hold 5.1 billion USDT, including 72 million in third-party custody.
– OKX’s Proof of Reserves covers 22 commonly used digital assets and has maintained a reserve ratio exceeding 100% for ten consecutive months.
– A poll on the social media platform X shows that 67.5% of voters consider monthly proof of reserves reports very important.
– Another poll on X reveals that 79.6% of voters consider transparency very important when deciding which crypto platform to trust.

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