This report is a great assurance for users, as it ensures that their assets are safe and secure on the exchange. Reserves and Coverage Ratio The proof-of-reserves report from OKX shows that the exchange has a coverage ratio of 101.42%, which means that for every 1 USDT held by users, OKX has 1.0142 USDT in reserves. This ratio is a key indicator of the exchange's ability to cover its users' assets in case of any unforeseen events. With over $11 billion in reserves, OKX has shown that it has a strong financial standing and is capable of handling market fluctuations. User Funds The report also highlights the amount of user funds held on OKX's platform, which is over $11 billion. This includes both fiat and crypto assets, such as Bitcoin (BTC), Ethereum (ETH), and other popular altcoins like Litecoin (LTC) and Ripple (XRP). This shows the trust and confidence users have in the exchange to hold their assets securely. Trending Hashtags #OKX #ProofOfReserves #Cryp...
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