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BitcoinSistemi 2025-06-02 13:40:08

Cryptocurrency Exchange OKX Published Its 31st Proof of Reserve (PoR) Report! There Is a Decline in Bitcoin Assets! Here Are the Details

Cryptocurrency Exchange OKX Published Its 31st Proof of Reserve (PoR) Report! There Is a Decline in Bitcoin Assets! Here Are the Details

Leading cryptocurrency exchange OKX has released its 31st Proof of Reserves (PoR) report, providing a transparent summary of user assets as of May 10, 2025. OKX Releases 31st Proof of Reserves Report, Reveals Changes to User Assets The latest report reflects significant changes in user balances of major digital assets, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the data: Users’ BTC holdings dropped to 125,000 BTC, decreasing by 6% (approximately 7,987 BTC) from the previous snapshot taken on April 7. In comparison, ETH holdings rose by 5.66% or approximately 100,000 ETH to 1.87 million. USDT assets increased by 11.46% to 8.75 billion USDT, an increase of approximately 899 million USDT. OKX’s Proof of Reserve initiative remains a central part of its commitment to transparency and user trust. The exchange uses a Merkle Tree-based system to allow users to independently verify that their balances are fully backed on-chain, aiming to strengthen industry standards following past custody failures in the cryptocurrency industry. With volatile market dynamics and changing user sentiment, the latest PoR highlights the changing asset allocation preferences among OKX users. OKX has been publishing monthly PoR reports since November 2022 and is among the few major exchanges that do so consistently. *This is not investment advice. Continue Reading: Cryptocurrency Exchange OKX Published Its 31st Proof of Reserve (PoR) Report! There Is a Decline in Bitcoin Assets! Here Are the Details

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