- OKX has released its 19th Proof of Reserves as of May 20.
- The exchange has shown significant growth in major cryptocurrencies held by users.
- OKX CFO Liying Zhang emphasizes the importance of transparency and security.
Discover the latest updates on OKX’s asset reserves and what it means for the crypto market.
OKX Releases 19th Proof of Reserves
OKX, a leading cryptocurrency exchange, has published its 19th Proof of Reserves as of May 20. This latest snapshot underscores OKX’s robust asset management and user trust, revealing significant growth in user-held assets across major cryptocurrencies.
Significant Growth in User-Held Assets
According to the announcement, OKX users’ Bitcoin (BTC) holdings have reached 147,000 BTC, marking a 2.62% increase from the previous report. Ethereum (ETH) holdings have also grown by 39,000 ETH, totaling 1.67 million ETH, reflecting continued confidence in the platform. Additionally, Tether (USDT) holdings have surged by 4.26%, reaching 6.51 billion USDT.
Commitment to Transparency and Security
This latest Proof of Reserves highlights OKX’s dedication to transparency and security in the cryptocurrency market. Regular publication of asset reserve data is part of OKX’s ongoing efforts to assure users of the safety and availability of their assets on the platform.
Conclusion
In summary, the significant increases in BTC, ETH, and USDT holdings point to a growing user base and heightened investment activity on OKX. The exchange’s commitment to maintaining high standards of transparency and security continues to foster user trust and confidence.
