- OKX’s 34th report confirms $33.7 billion across 22 cryptocurrencies.
- User BTC holdings increase to 120,651 BTC.
- Reserve rates exceed 100% for major assets.
OKX has released its 34th Proof of Reserves report on August 18, 2025, validating $33.7 billion across 22 cryptocurrencies, with reserve rates exceeding 100% for major assets like BTC and ETH.
This emphasizes OKX’s commitment to transparency, enhancing trust in the crypto market, and coincides with their $100M X Layer Fund, targeting robust ecosystem growth.
OKX has released its 34th Proof of Reserves report, detailing $33.7 billion in cryptocurrencies. The snapshot, taken on August 18, 2025, showed user BTC holdings increased to 120,651 BTC, surpassing previous records in breadth and value.
The verification involves key figures such as CEO Star Xu, who underscores robust reserve rates. Reserve rates extend beyond 100% for major assets including BTC, ETH, USDT, and USDC, affirming financial soundness and public trust in exchange practices. As Star Xu, CEO of OKX, stated, “We have now verified over $33.7 billion in assets across 22 cryptocurrencies, with reserve rates exceeding 100% for major assets like BTC, ETH, USDT, and USDC,” highlighting the firm’s commitment to transparency.
The report’s release emphasizes OKX’s commitment to transparency amidst competitive market dynamics. Incorporating zk-STARK and Merkle tree cryptographies, the exchange ensures asset safety, instilling trust within its user community through open methodologies.
These actions suggest market stability and bolster user confidence in custodial assets. With reserve numbers regularly surpassing expectations, stakeholders witness OKX’s deliberate alignment with both market demands and regulatory standards.
Significant strides in asset verification mark a progressive exchange trajectory. With 22 cryptocurrencies covered, OKX strengthens its market stance, addressing residual transparency perceptions following previous industry collapses and fostering a more resilient investment environment.
Emphasizing sustainable development, the $100M X Layer Ecosystem Fund aligns with broader strategic industry goals. Integrating advanced technologies is pivotal for safeguarding assets, accommodating regulatory advances, and supporting innovation, thereby reinforcing OKX’s role in the evolving crypto landscape. Star Xu, CEO of OKX, emphasized, “The fund is here to support long-term builders and not for those seeking quick gains,” underscoring sustainable growth over speculation.
