• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

OKX Releases Fourth Wealth Report with $eight.6B in User Funds

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Data from CryptoQuant statistics clean reserve of OKX, Binance and Huobi exchanges are one hundred%, 94% and 61% respectively.

OKX Releases Fourth Wealth Report with $eight.6B in User Funds

According to the statistic Backup check Released on the afternoon of February twenty, the OKX exchange elevated the sum of assets held on behalf of consumers to $eight.six billion, continuing to raise from the previously announced 3 occasions.

Related articles

What is Jupiter (JUP)?  DEX Aggregator platform on Solana launches nearly 1 million user wallets

What is Jupiter (JUP)? DEX Aggregator platform on Solana launches virtually one million consumer wallets

November 24, 2023
Genesis is suing Gemini, seeking recovery of $689 million in funds withdrawn before the bankruptcy

Genesis is suing Gemini, searching for recovery of $689 million in money withdrawn prior to the bankruptcy

November 22, 2023

🚨 Fresh off the press#OKX is proud to publish our February #ProofOfReserve partnership.

TLDR:

one. OKX continues to have the biggest reserves of one hundred% clean assets in the market.
two. Over a quarter of a million exceptional consumers have previously verified the PoR.

Details: https://t.co/3Jp3Ht52rC pic.twitter.com/H45KwQLitV

—OKX (@okx) February 20, 2023

Specifically, OKX informs that it is managing 130,664 BTC, one,288,504 ETH and three billion USDT as of February 17th. Compared to the real sum deposited by clientele on the exchange, the over figures are two-four% larger, guaranteeing a margin ratio constantly larger than one hundred%.

The exchange claims that much more than 175,000 consumers have visited the Proof-of-Reserves web site due to the fact its launch final 12 months. OKX Financial Markets CEO Lennix Lai mentioned in a statement:

“Proof of reserve is critical to building user trust and we guarantee that OKX will continue to lead this trend in the industry.”

Last month, OKX announced that the sum of consumer assets on the platform had elevated from $six.four billion in December 2022 to $seven.five billion.

Furthermore, the collapse of FTX, largely due to illiquid token holdings, has offered birth to a new idea of “clean reserves”, designed by CryptoQuant to measure an exchange’s dependence on its very own currency. percentage of the price range.

Follow also Latest information from CryptoQuantOKX continues to lead this index with a ideal score, though Binance’s “cleanliness” is only 94% and Huobi 61%.

Recently, OKX announces the approaching launch of the blockchainresonate with the report on optimistic capital transparency a short while ago constructed OKX’s OKB Token rate sees spikes all the time and is trading at $52.9.

1D chart of OKB/USDT pair on OKX exchange, screenshot by TradingView on the morning of February 21, 2023

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: 8.6BfourthfundsOKXReleasesreportuserWealth
Share76Tweet47

Related Posts

Ethereum’s Pectra Upgrade Enhances Protocol Capabilities

by shark
June 1, 2025
0

Ethereum's Pectra upgrade, coordinated by the Ethereum Foundation, went live on May 7, 2025, enhancing network functionality.

US Sanctions Philippines Tech Firm Over Crypto Scams

by shark
June 1, 2025
0

Funnull Technology Inc., a tech firm based in the Philippines, has been sanctioned by the US Treasury for enabling crypto...

Lunar Digital Assets Launches LitVM for Litecoin’s Smart Contract Era

by shark
June 1, 2025
0

Lunar Digital Assets, backed by the Litecoin Foundation, launched LitVM, a zero-knowledge Layer-2 network for the Litecoin ecosystem at the...

FTX Distributes $5 Billion Amid Recovery Efforts

by shark
June 1, 2025
0

FTX initiates a $5 billion payout to creditors under John J. Ray III's leadership.

Yuga Labs Sells Moonbirds IP to Orange Cap Games

by shark
June 1, 2025
0

Yuga Labs sells Moonbirds NFT IP to Orange Cap Games, refocusing efforts on Bored Ape Yacht Club and Otherside projects,...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ethereum’s Pectra Upgrade Enhances Protocol Capabilities
  • US Sanctions Philippines Tech Firm Over Crypto Scams
  • Lunar Digital Assets Launches LitVM for Litecoin’s Smart Contract Era
  • XRP Targets $21.60, Monero Drops, BlockDAG Nears $279M
  • FTX Distributes $5 Billion Amid Recovery Efforts
  • Yuga Labs Sells Moonbirds IP to Orange Cap Games
  • SEC Confirms $TRUMP Token Not a Security
  • Brazil’s MĂ©liuz Plans $26M Share Sale for Bitcoin
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7