Cryptocurrency exchange OKX has just released the third monthly report on its reserves.
The snapshot taken last January 18 shows current reserve ratios of 105% for bitcoin, 105% for Ether and 101% for USDT. The total collateral ratio has increased compared to the previous month.
Notably, the platform has also updated the dashboard detailing the balance in assets.
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OKX has highlighted it considers it important to confirm "net reserves," which do not include exchange tokens and consist exclusively of highly liquid assets with a large capitalization.
According to analyst firm Nansen, Bitcoin, Ether and USDT together account for almost 95% of the value of all funds on the platform. USDT dominates with a 41% share, whereas another 4% is occupied by USDC.
The initiative to publish reserve reports was first launched by Binance shortly after the crash of bankrupt cryptocurrency exchange FTX.