Claim $500OKX Unveils Latest Reserve Holding, Here Are its Biggest Bags
OKX, one of the prominent digital currency trading platforms in the industry has published its 10th Proof-of-Reserve (PoR) report to ascertain its liquidity in today’s ever-changing market.
The OKX Mind-Blowing Exposition
According to the report’s details, the exchange now boasts $10.4 billion in reserves holding the trio of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) respectively. OKX has become one of the few trading platforms that has consistently shown its users and the general public what it holds as a reserve against customer deposits.
The culture of publishing PoR started with Binance last year when FTX Derivatives Exchange collapsed on the grounds that co-founder and former CEO, Sam Bankman-Fried (SBF) commingled customer deposits.
The latest PoR shares became even more critical after about 84% of respondents in online polls admitted to the importance of PoR while as much as 88% said they are more likely to choose an exchange that maintains a transparent and verifiable PoR system.
As far as OKX is concerned, its latest report places it ahead of any other exchange with respect to the consecutiveness of its PoR release. The latest report covers a total of 22 digital currencies it supports. Additionally, the trading platform said its PoR has sustained the trend of exceeding user’s deposits by 100% for the 10th consecutive time.
Besides the three biggest assets, the OKX report also encompasses USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, and UNI.
Rebuilding Trust
At the time of writing, OKX is currently ranked as the 6th largest digital currency trading platform according to daily trading volume as profiled by CoinMarketCap.
The exchange has proven time and again that it can fulfill customer redemption without the fear of a bank run. This has positioned it as one of the friendly platforms in the industry today. Additionally, OKX operates outside of the United States, a positioning that has given it more operational freedom to list tokens and be shielded from the broad-based regulatory battery on related firms by American regulators
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Is TRUMP Coin Officially Dead? Team Allegedly Cashes Out $94M USDC in Massive Sell-Off
- Arthur Hayes Snaps Up $4M in DeFi Tokens via Ethereum Sell-Off
- Crypto ETF News: Bitwise Moves to Launch ETFs Linked to ZEC, HYPE, and SUI
- FOMC Minutes: Most Fed Officials Say Further Rate Cuts Are ‘Appropriate’ If Inflation Declines
- Geopolitical Tensions Threaten Crypto Market as Russia Promises Retaliation Against Ukraine
- Grayscale Files for First U.S. Bittensor ETF: Will TAO Price Rally to $300 in January?
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
- Pi Network Price Prediction as Demand Slips Ahead of the 136m Unlock
- Why Bitcoin, Ethereum, XRP, and ADA Prices Are Falling Today
- Is XRP Price Preparing for Trend Reversal as ETF Inflows Extend to a 7th Straight Week?
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
