OKX reports $27.4B in reserves, all assets overcollateralized
- —Bitcoin reserve ratio at 109%: 153,151 BTC held versus 139,865 BTC in user balances
- —User ETH balances rose 3.49% to 1,785,866 ETH, backed at 101%
- —USDT balances grew 4.62% to 8.49 billion tokens, reserve ratio 105%
- —Reserve ratios: XRP 108%, Solana 105%, Dogecoin 101%, OKB 100%
Why it matters: Full collateralization at a major exchange eases custody concerns after a string of industry hacks.
Source: Happycoin.club