OKX cryptocurrency exchange reserves rose by $1.88 billion in just 1 month

Representatives of the OKX trading platform published the 25th proof of reserves of digital assets, demonstrating a significant increase in indicators. As of November 13, the total volume of cryptocurrencies stored by the exchange reached $26.61 billion, increasing by $1.883 billion since the beginning of October this year. The most significant growth was shown by the USDC stablecoin reserves, which increased by 19.01% to 1.239 billion tokens. Another stablecoin USDT from Tether also grew by 15.37%, adding almost 886 million tokens. These two stablecoins were the key drivers of the exchange’s reserve increase over the past month.

Assets in BTC and ETH also recorded gains, but less noticeable. Bitcoin reserves increased by about 1.87%, adding 2,563 coins. As for ether, the indicator grew by 7.9%, which is equivalent to 123 thousand coins. The growth in the number of stored assets indicates the confidence of users in the reliability of the platform.

Conducting regular audits and publishing evidence of reserves has become a mandatory part of the transparency policy of OKX and other centralized cryptocurrency exchanges. This allows users to make sure that there is sufficient collateral for all deposits. This practice increases customer confidence in the trading platform, especially in a volatile market. Experts note that exchanges that are able to demonstrate a steady increase in reserves, win the battle for user confidence. Increased performance for stablecoins, such as USDT and USDC, also indicates a growing demand for stable assets during periods of market volatility. According to the researchers, OKX continues to strengthen its position as one of the largest crypto platforms in the world. The regular growth in results demonstrates the company’s stability and willingness to adapt to market changes.