Cryptocurrency exchange OKX has released its 25th proof of reserve, revealing significant increases in user and platform assets. User Bitcoin holdings increased by 1.87%, Ethereum holdings increased by 7.90%, and Tether holdings increased by 15.37%. OKX currently has reserve assets of $26.611 billion, up $1.883 billion month-on-month. The exchange uses Merkle tree technology to allow users to independently verify their holdings to ensure reserves fully back customer assets. This growth in reserves and user assets indicates strong market activity and increasing interest in digital assets, particularly stablecoins like Bitcoin, Ethereum, and USDT. OKX aims to promote trust and transparency by providing regular proof of reserves and safeguarding user assets.



Other News from Today