OKX Flexes Solvency With 100%+ Reserves for 22 Tokens—Bankers Still Want ’Collateral’

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2025-04-29 12:14:50

OKX publishes proof of reserves with over 100% assets held for 22 cryptocurrencies

Crypto exchange OKX drops its latest proof-of-reserves audit—and for once, the math actually works. All 22 listed cryptocurrencies show reserves exceeding customer balances, with Bitcoin and Ethereum holdings topping 102%.

The 22-token sweep includes major players (BTC, ETH) and altcoins like Solana and XRP. Tether fanatics can relax—USDT reserves clock in at 101%. Meanwhile, your local bank still counts IOUs as ’assets.’

Transparency play or survival tactic? After the 2022 exchange carnage, OKX’s move pressures rivals to show their books. Just don’t ask about their offshore entities—some audits are more equal than others.

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