Continuing its commitment to transparency, OKX has published its 32nd Proof of Reserves report, showcasing stable reserves but notable changes in user balances.
Overall Reserve Metrics
The total value of primary assets in OKX reserves is $28.4 billion. All 22 supported assets are over 100% collateralized. The report has been independently audited by Hacken.
Changes in User Balances
Despite stable reserves, the report indicates a noticeable drop in BTC and USDT balances on user wallets compared to the previous month. The BTC balance decreased by 4,360 BTC, reflecting a 3.48% decline. The total BTC holding is now 120,804 BTC, roughly equivalent to $470 million. USDT balances also fell by 1.44%, amounting to about $126.4 million.
OKX's Expansion in Europe
OKX has officially launched its fully regulated centralized exchange in Spain, offering users access to spot trading, staking, and over 270 cryptocurrencies under MiCA compliance.
Despite the decline in BTC and USDT balances, OKX maintains reserves well above minimum levels and is strengthening its position in regulated markets across Europe.
