OKX 32nd proof of reserves: User holdings drop for BTC and USDT
2025-06-30 08:19:39
Main Idea
OKX released its 32nd proof-of-reserves report, showing a significant drop in BTC and USDT holdings compared to the previous month, while ETH holdings increased.
Key Points
1. OKX's total BTC and USDT holdings in user wallets decreased significantly as of June 14 compared to the previous month's report.
2. BTC holdings fell by 4,360 BTC (3.48%) from May to June, equivalent to around $470 million at current market prices.
3. USDT holdings dropped by 1.44% ($126.4 million) in June compared to May.
4. ETH holdings rose by nearly 6% (110,153 ETH or $272.8 million) in June.
5. Despite the declines, OKX maintains reserves exceeding 100% for major tokens like BTC (105%), ETH, SOL, and USDT, with Ethereum Classic having the highest reserve ratio at 107%.
Description
OKX has released its 32nd proof-of-reserves report. As of June 14, the total BTC and USDT holdings held in user wallets have plummeted significantly compared to the previous month’s report. On June 30, the crypto trading platform released its 32nd proof-of-reserves report containing the number of assets held within its reserves compared to the number of assets deposited by customers. So far, all of its reserves exceed the 100% ratio. This means that the platform’s reserves for major tokens like ...
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