The 32nd Proof of Reserves report by the OKX trading platform presents key indicators of user asset changes over the past month.
Decrease in User Bitcoin Holdings
The report revealed a notable decline in user Bitcoin holdings at 120,804 BTC compared to the previous month. This indicates shifts in user preferences and asset management strategies.
Increase in Ethereum Assets
Conversely, the user Ethereum holdings saw an increase of 110,153 ETH, suggesting a change in user activity and interest in this asset.
Commitment to Full Reserve Backing
OKX reaffirms its commitment to maintain a minimum 100% reserve ratio across major cryptocurrencies. The report indicates that BTC reserves stand at 105% while ETH reserves are at 107%, emphasizing the platform's dedication to transparency and user trust.
The evolving cryptocurrency market landscape may influence future trends, and OKX's dedication to reserve transparency could set a standard for others in the industry.
