OKX, the renowned global crypto exchange, has revealed staggering figures regarding its reserves in the latest monthly proof-of-reserves audit. The report, released today, highlighted a notable surge in XRP reserves, marking a significant milestone for the exchange.
As of Feb. 21, OKX's reserves not only exceeded the industry standard for leading cryptocurrencies like Bitcoin, Ethereum, USDT and USDC but also showcased an exceptional increase in reserves for XRP. The exchange reported an additional 44.9 million XRP added to its reserves over the past month alone, bringing the total to an impressive 250.958 million tokens.
Alex DovbnyaThis surge in reserves reflects OKX's commitment to ensuring robust backing for its users' XRP holdings, with the exchange now boasting reserves estimated at 259,587,408 XRP, equivalent to approximately $137.58 million. Such substantial reserves underscore OKX's pivotal role in facilitating global crypto trading and reinforcing confidence among XRP holders utilizing the platform.
The disclosure of these excess reserves not only highlights OKX's dedication to maintaining financial integrity but also sheds light on the ongoing evolution of the crypto landscape. The surge in XRP reserves signifies growing demand and interest in the digital asset, further solidifying its position on the market.
Gamza KhanzadaevHowever, amid these impressive figures, it is crucial to acknowledge a fundamental principle in the crypto sphere: "Not your keys - not your crypto." This serves as a reminder of the importance of individual control over one's assets, emphasizing the need for users to exercise caution and diligence in managing their investments.
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov