OKX releases 11th proof-of-reserves, includes Ethereum 2.0 staking
OKX’s eleventh Proof-of-Reserves report reveals marked growth in user-held assets and incorporates ETH 2.0 staking data for the first time. Leading crypto exchange OKX has unveiled its eleventh Proof-of-Re serves (POR) certificate. The latest disclosure reveals significant uptrends in user-held assets, especially in the realm of Bitcoin (BTC) and Ethereum (ETH). For the first time, the exchange’s POR report incorporates figures related to ETH 2.0 staking , accounting for a staggering 41.8% surge in user ETH assets. A deeper dive: understanding the numbers The current disclosure shows the exchange holds a BTC reserve ratio of 102%. The total BTC assets held by users stood at 142,635, marking an increase of 7,376 BTC since the previous report. Most notably, the report includes ETH 2.0 staking data for the first time. The ETH reserve ratio is 103%. User-held ETH assets have skyrocketed to 1,370,982, a 41.8% growth driven in part by the inclusion of ETH 2.0 stakin...