OKX Bitcoin & Ethereum Reserve Ratio at 104%: What it Means
OKX's latest proof-of-reserves report is making waves, revealing a healthy reserve ratio for Bitcoin and Ethereum. The most recent Proof-of-Reserves report shows that OKX is over-collateralized. With reserve ratios of 104% for bitcoin ( BTC ), 104% for ether (ETH), and this indicates a significant buffer in their holdings.
Understanding the OKX Reserve Ratio
A reserve ratio calculates whether an exchange holds sufficient assets to cover customer deposits. OKX's latest report showcases strong solvency. According to the report, the exchange is. It has an average reserve ratio of 104%. Specifically, the Bitcoin and Ethereum reserve ratios are both reported at 104%. OKX – View a detailed breakdown of OKX's crypto reserve ratios. We use reserve ratio to calculate whether assets are full or in excess reserve.
Bitcoin Reserve Details: 104% on OKX
In the case of Bitcoin, OKX holds 139,082 BTC – about 104% of the 133,151 BTC deposited by customers. This surplus offers added security and reassurance to users holding Bitcoin on the platform.
Ethereum Reserve Details: Matching Bitcoin's Strength
The same surplus ratio applies to its Ethereum and Tether holdings. The reserve ratio for Ethereum also noted a slight rise since its previous report and stood at 104%. This consistency across major cryptocurrencies signals a robust approach to risk management by OKX.
Positive Over-Collateralization: What It Means for You
Despite the positive over-collateralization highlighted in the reserve ratios (USDT: 105%, USDC: 104%, ETH: 104%), it's important to understand the implications. This over-collateralization suggests OKX has more assets than liabilities, providing an extra layer of protection for user funds. Earlier today, OKX revealed Bitcoin, Ethereum, and Tether [USDT] reserve ratios in its 4th Proof-of-Reserves report.
Increased User Holdings: A Snapshot
A snapshot of OKX crypto proof of reserves shows a spike in Bitcoin and Ethereum user holdings as of April 7. According to the data shared by WuBlockchain and, this further reinforces the importance of understanding the reserve ratios.
Conclusion: OKX's Commitment to Security
OKX’s latest proof-of-reserves report reveals the crypto exchange holds reserves exceeding the number of assets deposited by customers on the platform, specifically. Its reserve ratio for Bitcoin has increased to 104% in the past month, showcasing a commitment to maintaining healthy and secure reserves, ultimately benefiting its users.