Home » Crypto Trade OKX Reveals $10,400,000,000 in Bitcoin (BTC), Ethereum (ETH) and USDT Reserves

Crypto Trade OKX Reveals $10,400,000,000 in Bitcoin (BTC), Ethereum (ETH) and USDT Reserves

by CoinVeem

Crypto trade OKX is revealing a mixed $10.4 billion value of Bitcoin (BTC), Ethereum (ETH) and the stablecoin Tether (USDT) within the platform’s reserves.

In keeping with OKX chief advertising and marketing officer Haider Rafique, the platform is committed to releasing month-to-month digital asset proof of reserves audits.

He additionally says clients are in a position to see at any time audited proof that their crypto belongings are 1:1 backed.

OKX’s most up-to-date August twenty fifth audit reveals the trade is holding extra BTC, ETH and USDT than the platform’s customers are holding.

In keeping with the audit, OKX customers have a complete of 135,259 BTC whereas the trade holds 138,584 BTC, which incorporates 3,056 within the custody of a 3rd social gathering.

OKX customers maintain 966,527 Ethereum, whereas the platform holds 988,631, which incorporates 10,253 ETH in third-party custody.

Lastly, OKX customers maintain 5.01 billion USDT whereas OKX pockets addresses maintain 5.1 billion, which incorporates 72 million in custody with a 3rd social gathering.

Says an OKX press statement,

“OKX’s PoR (Proof of Reserves) covers 22 generally used digital belongings and reveals that OKX has maintained a reserve ratio exceeding 100% for ten consecutive months throughout all these belongings.”

The agency additionally says {that a} ballot on the social media platform X finds that 67.5% of the 612 individuals who voted contemplate month-to-month proof of reserves studies “essential.” In one other ballot on X, 79.6% of the 540 voters say that transparency is “essential” when deciding which crypto platform to belief.

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