Surprising Increase in OKX User Assets: This Altcoin is Secured!

0

OKX In a statement that hit the crypto arena like a bombshell, reserve stability was achieved with the announcement of the 14th reserve certificate. strengthened and showed a staggering $14.9 billion increase in user assets as of the snapshot taken on December 13. The most important aspect of this report focuses on OKX’s commitment to strengthen user-held XRP tokens with a solid coverage of 103%, providing a solid backing with the exchange’s own reserves.

The assurance is 233.74 million, equivalent to a staggering 143.52 million dollars. XRP It extends to the token. Remarkably, OKX’s reserves in XRP exceed user funds by 7,673 million XRP, creating a surplus of 4.7 million. XRP user positions on OKX have increased by 300,000 more than reserves since the last report, leading to a 1% decrease in the reserve ratio.

Koinfinans.com As we reported, the report also states that 3,496 Bitcoin It also highlights significant fluctuations in other digital assets, such as a significant increase in assets including Ethereum (BTC) and approximately 58,492 Ethereum (ETH). However, in the stablecoin space, USDT witnessed a decline of 161.72 million in OKX Wallet assets, while USDC witnessed a decline of 42.315 million.

While OKX stands out with its significant reserves, users are asked to familiarize themselves with the centralized structure of the exchanges. The old adage “neither your key nor your cryptocurrency” underscores the importance of investors remaining prudent and careful even as major exchanges strengthen their reserve stability.


source site-6