Cryptocurrency exchanges occasionally publish reserve reports to demonstrate their transparency. This allows customers to see the current state of the exchange. The latest report comes from OKX, which shows a decrease in Bitcoin and Ethereum reserves compared to the previous report. However, there is an increase in Stablecoin USDT reserves.
Cryptocurrency OKX’s Latest Reserve Report
According to the reserve data released by cryptocurrency exchange OKX, the exchange currently holds 140,086 Bitcoin, of which 135,969 belong to customers. The previous reserve report showed that the exchange had 150,860 BTC. This indicates a decrease of 10,774 BTC in the exchange’s Bitcoin reserves according to the latest report.
Looking at OKX’s altcoin Ethereum reserves, the exchange currently has 1,479,285 ETH, of which 1,424,184 belong to customers. The previous reserve report showed the exchange had 1,565,376 ETH. The report indicates a decrease of 86,091 ETH in the exchange’s Ethereum holdings. The exchange’s BTC reserve ratio is 103%, while the Ethereum reserve ratio is 104%.
Increase in USDT Assets
An increase in the USDT assets of the cryptocurrency exchange OKX is noteworthy. According to the latest reserve report, the exchange had 5,505,245,136 USDT in the previous report, which has now increased to 5,974,441,721 USDT. This represents an increase of 469,196,585 USDT.
Lastly, the cryptocurrency assets held by the exchange are as follows:
- USDC assets 226,232,879 USDC.
- XRP assets 259,587,408 XRP.
- Dogecoin assets 3,734,257,715 DOGE.
- Solana assets 4,020,222 SOL.
- OKB assets 218,365,769 OKB.
- APT assets 5,400,855 APT.
- Bitcoin Cash assets 318,244 BCH.
- Polkadot assets 16,858,272 DOT.
- ELF assets 140,380,034 ELF.
- EOS assets 98,247,003 EOS.
- Ethereum Classic assets 4,904,147 ETC.
- Filecoin assets 67,819,187 FIL.
- Chainlink assets 4,820,692 LINK.
- Litecoin assets 4,095,529 LTC.
The cryptocurrency exchange has clearly emphasized that its reserve ratios are above 100% with the report it disclosed. On the other hand, the decrease in Bitcoin and Ethereum in OKX’s reserve report could be interpreted as users transferring their assets from the exchange to their own wallets or to another cryptocurrency exchange.
Moreover, the increase in USDT assets also indicates that cryptocurrency investors are positioning themselves against a potential downturn. This situation could lead to new cryptocurrency purchases when the market dips.
