OKX 32nd Proof-of-Reserves: BTC, USDT Holdings Decline

This continued commitment to transparency underscores OKX’s position as one of the most reliable centralized platforms in the industry.

We’re proud to release our 32nd consecutive #ProofOfReserves report! 📢
✅ Primary assets: $28.4 Billion
✅ 100% + reserves for 22 assets
✅ Independently audited by @hackenclub
Don’t trust, verify: https://t.co/dTwSpy5YN3 pic.twitter.com/H3AHv4Axfn
— OKX (@okx) June 30, 2025

However, while the reserve ratios remain strong, the report highlights a noticeable decline in BTC and USDT balances held in user wallets compared to the previous month. Despite this drop in user-held assets, OKX’s reserves still surpass all customer deposits, maintaining a healthy buffer and exceeding the 100% threshold across all supported tokens.

Among the listed assets, Ethereum Classic (ETC) holds the highest reserve ratio at 107%, making it the most overcollateralized token on the platform. Bitcoin follows with a 105% reserve-to-holding ratio, though the total amount of BTC held by users declined notably in June.

According to the report, customer-held Bitcoin dropped by 4,360 BTC between May 10 and June 14, marking a 3.48% decrease. This reduction brings total BTC holdings from 125,164 BTC down to 120,804 BTC—an equivalent of roughly $470 million at current market value.

USDT balances also declined, though less steeply. User-held USDT fell by 1.44% in the same period, reflecting a drop of approximately $126.4 million. While smaller than Bitcoin’s decline, this is still significant, particularly as the stablecoin market continues to gain momentum globally.

Meanwhile, OKX has expanded its footprint in Europe with the official launch of its fully regulated centralized exchange in Spain. The platform now offers Spanish users access to spot trading, staking, automated trading bots, and over 270 cryptocurrencies, along with more than 60 crypto-Euro trading pairs—all under a MiCA-compliant, secure framework. This development strengthens OKX’s regulatory presence and aligns with its ongoing strategy to localize services in key global markets.

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