OKX Announces Its Reserves! How Many Bitcoins How Many Altcoins Are There?

After the FTX exchange went bankrupt in November, Binance CEO CZ introduced the proof-of-reserve system, saying exchanges should be more transparent.

From this point on, exchanges began to periodically submit reports explaining how much and which cryptocurrencies they have in their reserves.

In this context, OKX has published its 7th proof of reserve report, emphasizing that it continues to adhere to the principle of transparency, explaining which cryptocurrencies are in its reserves.

It announced that it has $10 billion worth of cryptocurrencies in its reserves, mostly from Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Apart from BTC, ETH and Tether, the report also includes USD Coin (USDC) Ripple (XRP), Dogecoin (DOGE) Solana (SOL), OKB, Aptos (APT), DASH, Polkadot (DOT), ELF, EOS, ETC, Filecoin ( It was also stated that there are 19 other cryptocurrencies, including FIL), Chainlink (LINK), Litecoin (LTC), OKT, PEOPLE, TON, Tron (TRX) and UniSwap (UNI).

In the OKX statement, it was also stated that BTC, ETH and USDT each have 103% reserves.

OKX Sales and Marketing Manager Lennix Lai used the following statements regarding the 7th reserve report of the stock market:

“OKX has been releasing reserve reports using the Proof of Reserve system since late 2022 when FTX went bankrupt.

With these reports, OKX has raised the standards for trust and transparency in the cryptocurrency industry.

We commit to our users that we will further improve our Proof of Reserve system."

*Not investment advice.