OKX , the globally renowned cryptocurrency exchange, has revealed staggering numbers about its reserves in its latest monthly Proof of Reserves (PoR) audit.
The report released today highlights a notable increase in XRP reserves, marking a major milestone for the exchange.
As of February 21, OKX 's reserves not only exceeded industry standards for leading cryptocurrencies such as Bitcoin , Ethereum, USDT , and USDC but also showed an exceptional increase in reserves for XRP.
The exchange reported another 44.9 million XRP added to its reserves in the past month alone, bringing the total to an impressive 250.958 million Token .
This increase in reserves reflects OKX 's commitment to ensuring strong support for users' XRP holdings, with the exchange now having an estimated reserve of 259,587,408 XRP , or approximately 137.58 million USD.
Such significant reserves underscore OKX 's pivotal Vai in facilitating global cryptocurrency trading and bolstering the confidence of XRP holders using the platform.
📢 Hot Off The Press 📢
We're proud to publish our February 2024 #ProofOfReserves report showcasing 100% reserve ratios for 22 assets.
This marks our 16th monthly consecutive PoR report 💪🏽
Read on: https://t.co/Zy2nBfPecP pic.twitter.com/Hsli0ONaTR
— OKX (@ OKX) February 26, 2024
The disclosure of these excess reserves not only highlights OKX 's dedication to maintaining financial integrity but also sheds light on the ongoing evolution of the cryptocurrency landscape.
The surge in XRP reserves shows growing demand and interest in the digital asset, further strengthening its position in the market.
However, amidst these impressive numbers, it is important to acknowledge a fundamental principle in the cryptocurrency sector:
“Not your keys – not your crypto.”
This Vai as a reminder of the importance of personal control over one's assets, emphasizing the need for users to be prudent and diligent in managing their investments. me.
General Bitcoin News.
