- OKX published its twelfth asset reserve certificate recently.
- OKX reported 103% reserves for top coins, including Bitcoin, Ether, XRP, USDT, and USDC.
- DOGE had 101% reserve, and OKB had 100% reserve compared to user balances.
Major crypto exchange OKX published its twelfth asset reserve certificate today, indicating it continues to maintain 100%+ reserves to back user funds. According to the Chinese journalist Colin Wu, OKX reported 103% reserves for top coins including Bitcoin, Ether, XRP, USDT, and USDC. This means its wallet holdings of these assets exceed the total balances held by customers.
OKX announced the twelfth asset reserve certificate (snapshot date 10-24). User BTC assets were 136k, a decrease of 4.49% from the last time (9-18); user ETH assets were 1.42 million, increased by 3.5%, with an increase of 48,000 ETH; user USDT assets were 4.91 billion; user USDC…— Wu Blockchain (@WuBlockchain) October 31, 2023
For Bitcoin (BTC), OKX had total reserves of 140,484 BTC. This was enough to fully back the 136,227 BTC that OKX users had in their accounts. For Ethereum (ETH), OKX had total reserves of 1.44 million ETH. This exceeded the 1.42 million…
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