OKX, a leading cryptocurrency exchange, has announced the results of its seventeenth Proof of Reserves (POR) snapshot, which provides insights into users’ holdings.
OKX Announces Seventeenth Proof of Reserve
According to the latest data published by OKX, users’ Bitcoin (BTC) holdings have increased to 148,030, marking an impressive increase of 12,061 since the last POR snapshot on February 21. This significant increase underscores the growing interest and activity in Bitcoin trading on the platform.
Similarly, Ethereum (ETH) holdings among OKX users also increased significantly, reaching 1.63 million ETH.
This represents a significant increase of 209,024 ETH compared to the previous snapshot and indicates an increase in Ethereum trading and investment activity on the exchange.
In addition, users’ holdings of Tether (USDT), a popular stablecoin pegged to the US dollar, experienced a significant increase.
OKX reported that USDT holdings among its users increased to 5.97 billion, reflecting a significant increase of 254 million USDT since the last POR snapshot.
The release of POR data reaffirms OKX’s commitment to maintaining a safe and reliable trading environment by providing transparency and assurance to users about the exchange’s reserves.
OKX aims to increase transparency and build trust among its user base by publishing regular POR snapshots.
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Source: https://en.bitcoinsistemi.com/bitcoin-exchange-okx-announces-17th-proof-of-reserve-there-are-serious-changes-in-bitcoin-and-ethereum-funds/