OKX, a well-known cryptocurrency exchange, has published its twelfth Asset Reserve Certificate (ARC). The latest report shows that user BTC assets have decreased by 4.49%, with ETH assets have increased by 3.5%.
BTC Assets Decline by 4.49%, ETH on the Rise
OKX, a leading global Web3 technology company and crypto exchange, released its twelfth Asset Reserve Certificate (ARC) on Oct 31, revealing insights into the state of cryptocurrency assets held on the platform.
In this report, OKX highlights that user holdings of Bitcoin (BTC) have decreased by 4.49% from the previous report on September 18th, amounting to a total of 136,000 BTC held by users now.
On the other hand, user holdings of Ethereum (ETH) have increased by 3.5%. Users now hold 1.42 million ETH, with an additional 48,000 ETH added.
Alongside these figures, user assets in the stablecoin Tether (USDT) have been reported at 4.91 billion, and holdings in USD Coin (USDC) have reached 318 million. These numbers offer valuable insights into market trends and user behaviour.
OKX’s Year of Monthly Proof of Reserves
Furthermore, OKX celebrates one year of publishing its monthly Proof of Reserves (PoR) reports, reinforcing its commitment to security and transparency.
These reports cover 22 commonly used digital assets and show that OKX has maintained a reserve ratio exceeding 100% for 12 consecutive months. The assets covered include BTC, ETH, USDT, USDC, XRP, DOGE, and many more.
Over the past year, OKX has actively contributed to setting new industry standards by introducing features like zero-knowledge proofs and Merkle tree technology, all while expanding its asset coverage.
These reports are a testament to OKX’s dedication to maintaining the trust of its users and adhering to industry-leading standards.
Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
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