OKX Releases New Assets Report, Holds $seven.five Billion in User Funds

According to the hottest information launched, the OKX exchange greater the quantity of assets held on behalf of end users to $seven.five billion, up from the preceding month.

On the afternoon of Jan. 19, cryptocurrency exchange OKX launched its hottest Proof-of-Reserves information, saying the quantity of consumer assets stored on the exchange greater from $six.four billion final month to $six. $four billion final month. climate.

As a consequence, as of Jan. 18, OKX reported holding 117,682 BTC, one,178,993 ETH, and two.9 billion USDT. Compared to the real quantity of funds shoppers hold on the exchange, the over figures are one-five% greater, guaranteeing that OKX often has extra funds in location to assure that shoppers are often additional than a hundred% protected.

Additionally, OKX also claims that their metric is a “clean asset” reserve, which means that the worth of the trading tokens accounts for a very low percentage. Citing a third-get together statistical unit, CryptoQuant, only OKX and Deribit are the two platforms with a clean reserve ratio of a hundred%, followed by Crypto.com with 95.51%, even though Binance achieves only 87.six %.

With the hottest 24-hour trading volume reaching $one.eight billion, OKX is the third-greatest cryptocurrency exchange in the globe, behind Binance and Coinbase.

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