- OKX publishes its 31st Proof of Reserves.
- Noticeable shifts in BTC and USDT holdings.
- ETH holdings increased significantly in May.
OKX has released its 31st Proof of Reserves report, detailing user asset shifts as of May 10, 2025.
The report reflects changing user preferences amid evolving market conditions, emphasizing OKX’s dedication to transparency in the crypto sector.
OKX has revealed its 31st Proof of Reserves, continuing its practice of transparency. The report shows significant changes in user assets, including a decrease in Bitcoin holdings and an increase in both Ethereum and Tether assets.
The exchange utilizes a zk-STARK algorithm to confirm its reserves. This method helps verify that user balances are fully backed, a critical factor in maintaining trust amidst market volatility.
The latest report highlights users’ preference shift, evidenced by the decreased BTC holdings and the increase in ETH and USDT. These trends provide insights into current market sentiments within cryptocurrency circles.
Furthermore, OKX’s consistent reporting is seen as a response to past industry failures, as it aims to set a higher standard for transparency and assurance among crypto exchanges.
The publication of consistent reserves reports notably impacts user trust, showcasing commitment to transparency. OKX’s practices align with industry-wide efforts to improve security in asset management.
The reserve ratio verification through the Merkle Tree-based system allows users to independently verify OKX’s asset holdings. This process strengthens confidence in on-chain verification technology used within the cryptocurrency industry.
“The 31st Proof of Reserves report reaffirms our commitment to transparency in the cryptocurrency industry, allowing users to verify asset holdings independently.” — OKX Research Team
