Cryptocurrency exchange OKX has released its fifth proof of reserve report. The exchange’s “clean” assets rose $300 million to $8.9 billion.
In the proof of reserve report published on the OKX official website, Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) updated the collateral ratios of its assets. While OKX continues to maintain its over-collateralization status, the small reductions stood out.
In the report, the total assets 8.9 billion dollars and all third party according to reports of pure beings reported to occur. Popularized after FTX bankruptcy clean being term, a stock market to local tokens on the balance sheet not to place and your assets Bitcoin, Ethereum or USDT like high market value owner liquid used in the case of assets.
held by customers bitcoin amount in February 134,289 was determined as. In contrast, OKX 138,405 BTC kept transferred. The exchange’s collateral on Bitcoin accounts from 104% to 103% declined.
Client assets on the Ethereum side While holding steady at 1.28 million The amount OKX keeps in its account in return 1.32 million ETH crashed. The collateral rate in Ethereum from 104% to 103% appeared to regress.
Customer assets held in USDT accounts 3.17 billion USDT level 3.19 billion USDT with 3rd month finally he was able to leave it behind. As opposed to OKX’s client assets 3.26 billion USDT was found to be warranted. Coverage rate since January 102% remained stable.