OKX’s 35th PoR Shows BTC Rise, ETH & USDT Dip
OKX's 35th Proof of Reserves reveals a BTC increase, while ETH and USDT holdings declined since the last snapshot.
- BTC holdings rose by 4,432, a 3.67% increase
- ETH reserves fell by 35,011, a 2.01% drop
- USDT holdings decreased by $248M, down 2.56%
Crypto exchange OKX has published its 35th Proof of Reserves (PoR) report, with the snapshot dated September 2. The report shows notable shifts in asset holdings, especially among Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the latest data, OKX now holds approximately 125,000 BTC, reflecting a 3.67% increase from the previous snapshot taken on August 18. This represents a growth of 4,432 BTC, reinforcing investor confidence in the platform’s solvency and reserve transparency.
This rise suggests continued user trust and possible accumulation during market fluctuations. OKX continues to lead in transparent reporting, being one of the few major exchanges publishing monthly reserve snapshots.
ETH and USDT Holdings Decline Slightly
While Bitcoin reserves are on the rise, the same can’t be said for Ethereum and USDT. The ETH holdings dropped by 2.01%, with reserves now standing at around 1.704 million ETH, marking a decrease of 35,011 ETH compared to the previous report.
Similarly, USDT holdings fell by 2.56%, translating to a reduction of approximately $248 million, bringing the total to $9.436 billion. These declines could be due to various factors including withdrawals, asset shifts by users, or market volatility influencing stablecoin usage.
Despite the slight dip in ETH and USDT, the regularity and transparency of OKX’s reports provide reassurance to users and industry observers alike.
Commitment to Transparency Continues
OKX has consistently released monthly Proof of Reserves reports, maintaining a standard of openness that aligns with rising demands for crypto exchange accountability. With growing regulatory interest and market scrutiny, such initiatives help build user trust and safeguard against risks.
As crypto adoption grows, OKX’s routine PoR updates serve as a crucial part of the ecosystem’s efforts toward decentralized trust and verifiable transparency.
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