OKX Shows Growth in Latest Proof of Reserves Snapshot
OKX's 38th Proof of Reserves reveals increased BTC, ETH, and USDT user holdings as of December 11 snapshot.
- BTC holdings up by 68 BTC since last snapshot
- ETH holdings rose by over 34,000 ETH
- USDT user assets increased by 4.23%
On December 11, OKX published its 38th Proof of Reserves (PoR), reaffirming its commitment to transparency. The report showed notable growth across major crypto assets held by users since the last snapshot on November 19.
BTC holdings climbed slightly, with users holding approximately 130,000 BTC, marking a modest 0.05% increase—equivalent to 68 BTC. Though the percentage is small, it reflects continued user trust in storing Bitcoin on OKX amid market volatility.
ETH and USDT Holdings See Bigger Gains
While BTC holdings showed steady growth, Ethereum and Tether recorded more significant increases. User ETH holdings surged to 1.6452 million ETH, up 2.14% from the previous snapshot. That’s an increase of over 34,000 ETH, indicating growing investor confidence and activity in Ethereum.
The most substantial change was seen in USDT, with total user holdings reaching 11.185 billion USDT, up 4.23% or nearly $450 million. This surge reflects heightened demand for stablecoins, possibly driven by market participants preparing for trading opportunities or safeguarding value during market swings.
What the Data Suggests
OKX continues to demonstrate transparency through its regular Proof of Reserves updates. With its 38th report now published, users and industry watchers can verify the platform’s asset backing. The steady increase across Bitcoin, Ethereum, and Tether highlights growing user activity and suggests rising confidence in OKX as a secure exchange for asset custody.
These regular disclosures help build trust and accountability, especially at a time when proof of solvency remains a major concern in the crypto industry.
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