OKX Reserves Update: BTC and USDT Up, ETH Drops
OKX’s 34th Proof of Reserves shows a BTC and USDT rise, while ETH holdings see a sharp decline.
- BTC reserves increased by 3.32% to over 120K BTC
- ETH holdings dropped 12.13% since last report
- USDT reserves rose 7.32% to 9.68 billion
OKX has released its 34th Proof of Reserves (PoR) report, capturing data as of August 18, 2025. This ongoing transparency effort provides users with detailed insights into the exchange’s on-chain assets, reinforcing confidence in OKX’s liquidity and solvency.
The latest snapshot reveals significant movements in user holdings across three major assets: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Bitcoin and USDT Reserves on the Rise
The exchange’s BTC holdings have increased to 120,651 BTC, up 3.32% from the previous report on July 4. This translates to an additional 3,882 BTC, indicating growing user deposits or accumulation on the platform.
Similarly, USDT reserves rose 7.32%, reaching 9.68 billion USDT. This substantial jump—an increase of over 660 million USDT—may reflect increased stablecoin activity, user demand, or market participants preparing for trading opportunities.
These increases signal a growing trust in OKX’s platform and its ongoing commitment to maintaining high levels of transparency through monthly PoR reporting.
ETH Holdings Show a Significant Decline
In contrast to BTC and USDT, Ethereum reserves dropped sharply by 12.13%, falling to 1.738 million ETH. This represents a decrease of approximately 240,076 ETH since July.
The dip in ETH holdings could be due to user withdrawals, market shifts, or a reallocation of assets within the ecosystem. While the specific reasons remain unclear, the drop is the most notable movement among the three assets in this month’s report.
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