HomeCoinsEthereumCrypto Alternate OKX Reveals $10,400,000,000 in Bitcoin (BTC), Ethereum (ETH) and USDT...

Crypto Alternate OKX Reveals $10,400,000,000 in Bitcoin (BTC), Ethereum (ETH) and USDT Reserves

Crypto alternate OKX is revealing a mixed $10.4 billion price of Bitcoin (BTC), Ethereum (ETH) and the stablecoin Tether (USDT) within the platform’s reserves.

Based on OKX chief advertising and marketing officer Haider Rafique, the platform is committed to releasing month-to-month digital asset proof of reserves audits.

He additionally says clients are capable of see at any time audited proof that their crypto belongings are 1:1 backed.

OKX’s most up-to-date August twenty fifth audit exhibits the alternate is holding extra BTC, ETH and USDT than the platform’s customers are holding.

Based on the audit, OKX customers have a complete of 135,259 BTC whereas the alternate holds 138,584 BTC, which incorporates 3,056 within the custody of a 3rd get together.

OKX customers maintain 966,527 Ethereum, whereas the platform holds 988,631, which incorporates 10,253 ETH in third-party custody.

Lastly, OKX customers maintain 5.01 billion USDT whereas OKX pockets addresses maintain 5.1 billion, which incorporates 72 million in custody with a 3rd get together.

Says an OKX press assertion,

“OKX’s PoR (Proof of Reserves) covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for ten consecutive months across all those assets.”

The agency additionally says {that a} ballot on the social media platform X finds that 67.5% of the 612 individuals who voted contemplate month-to-month proof of reserves experiences “very important.” In one other ballot on X, 79.6% of the 540 voters say that transparency is “very important” when deciding which crypto platform to belief.

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Supply: https://dailyhodl.com/2023/08/31/crypto-exchange-okx-reveals-10400000000-in-bitcoin-btc-ethereum-eth-and-usdt-reserves/

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