OKX publishes the fourth proof-of-reserve report with $ 8.6 billion in clean assets

OKX publishes the fourth proof-of-reserve report with $ 8.6 billion in clean assets
okx published his fourth monthly Proof of Reserve (POR), which enables its users to check whether the crypto exchange based on the Seychelles holds the amount of cryptocurrency that she claims.
It revealed that clean assets worth $ 8.6 billion are kept in Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
- According to the latest data, the Wallets from OKX 135,735 BTC contained a user converter of 130,664 BTC and were therefore overtaken. His reserve rate for Bitcoin rose to 104 % last month.
- The reserve set for Ethereum has also had a slight increase since its last report and was 104 %. According to the OKX Nansen-Dashboard, the Börsen Wallets recorded assets worth 1,341,238 ETH compared to the user convey of 1,288,504 ETH. In the meantime,
- a similar trend was found at Tether reserve set, which was 102 %. Overall, OKX's February reserve report rose by almost 15 % compared to January.
- Lennix Lai, Managing Director of Financial Markets from OKX, commented on the publication as follows:
"We are proud to continue the monthly publication of our Proof of Reserve with our unshakable commitment to transparency and trust here at OKX. Our data show that hundreds of thousands of our users have an active interest in viewing our historical reserves and using open source tools to check whether their liabilities are included."
- The new POR comes for a month after OKX has reported $ 7.5 billion in "clean assets", a metric used by cryptoquant, which measures the dependency of a crypto exchange on its proprietary token.
- The reserve of a stock exchange is considered clean if it consists exclusively of crypto-assets with high market capitalization and not of its native tokens. The cryptoquant dashboard shows that the reserves from OKX are 100 % clean.
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