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OKX’s February Proof-of-Reserves Report Shows $8.6B in ‘Clean Assets’

OKX is overcollateralized with a reserve ratio of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT according to a recently published Proof-of-Reserves report.

The exchange says that over 175,000 unique users have visited its Proof-of-Reserves page since it launched the initiative late last year.

In January, the exchange released a report stating it had $7.5 billion in clean assets. The cleanliness of assets refers to a metric developed by CryptoQuant which measures how reliant an exchange is on its native token.

OKX continues to have an entirely clean reserve, according to CryptoQuant data, while Binance’s ‘cleanliness’ comes in at 94% while Huobi has 61%.

(By Sam Reynolds)

Get the latest news here: Cointime channel — https://t.me/cointime_en

OKB OKB $55.34
+0.43%
OKX Proof of Reserves
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