OKX, a well-known cryptocurrency exchange, has established itself as a beacon of reliability with 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%.
Here’s a deeper look for you to understand this better.
OKX Takes the Lead!
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.
Within this comprehensive report, OKX reveals that user holdings of Bitcoin (BTC) have dropped by 4.49% since the previous report on September 18th, leaving users with a total of 136,000 BTC in their possession.
On the flip side, user holdings of Ethereum (ETH) have surged by 3.5%. The user base now boasts 1.42 million ETH, with an additional 48,000 ETH injected into the mix.
Delving deeper into the data, user assets in the stablecoin Tether (USDT) are reported at a staggering 4.91 billion, while holdings in USD Coin (USDC) have reached a substantial 318 million. These numbers furnish us with invaluable insights into market trends and user preferences.
Also Read: OKX’s Liquid Marketplace Hits $1.54B in Monthly Trading Volumes!
It’s Been a Good Year for OKX
Additionally, OKX marks the one-year anniversary of its monthly Proof of Reserves (PoR) reports, reinforcing its unwavering commitment to security and transparency.
These comprehensive reports encompass 22 widely-used digital assets and consistently showcase OKX’s reserve ratio surpassing 100% for an impressive 12 consecutive months. The array of assets covered includes BTC, ETH, USDT, USDC, XRP, DOGE, and many more.
Over the past year, OKX has actively driven the establishment of new industry benchmarks by introducing cutting-edge features such as zero-knowledge proofs and Merkle tree technology, all while broadening its coverage of assets.
These reports stand as a testament to OKX’s dedication to upholding the trust of its users and adhering to industry-leading standards.
Also Read: Bitcoin Price Prediction November: Here’s How High BTC Price Will Rally!
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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.
