OKX Releases 11th Proof-of-Reserves, Featuring Ethereum 2.0 Staking

OKX has released its eleventh Proof-of-Reserves (POR) report, highlighting substantial growth in user-held assets and including data on ETH 2.0 staking for the first time.

The latest report from the prominent cryptocurrency exchange reveals notable increases in assets held by users, particularly with Bitcoin (BTC) and Ethereum (ETH). The report indicates an impressive 41.8% rise in user-held ETH assets, significantly influenced by the incorporation of ETH 2.0 staking data.

### Analyzing the Numbers

According to the recent disclosure, OKX maintains a BTC reserve ratio of 102%. The total BTC assets possessed by users have reached 142,635, which is an increase of 7,376 BTC compared to the previous report.

For the first time, the report features ETH 2.0 staking figures, showing an ETH reserve ratio of 103%. User-held ETH assets have surged to 1,370,982 as a result of this inclusion.

The POR report also notes that the reserve ratio for Tether (USDT) is 102%, while the ratio for USD Coin (USDC) stands at 106%. Additionally, XRP users hold 173,284,313 tokens, while OKX’s own wallets contain 178,401,336 XRP, all stored within the exchange’s wallets.

This report comes at a time when cryptocurrency exchanges face increased scrutiny, emphasizing the need for greater transparency. OKX’s disclosure aims to reinforce its commitment to financial integrity and foster user trust.

Recently, OKX conducted two surveys on X (formerly Twitter) to gauge community sentiment regarding transparency and Proof-of-Reserves reports. The results indicated that 84% of participants prefer to see monthly POR updates, reflecting the importance of transparency in users’ decisions when selecting an exchange.