OKX Has Digital Asset Reserves Worth IDR 152 Trillion In Bitcoin, Ethereum, And USDT

The OKX crypto exchange has BTC, ETH, and USDT reserves. (Photo; Doc. Unsplash)

JAKARTA - OKX, a leading crypto exchange platform, recently announced that it has a digital asset reserve worth US$10.4 billion or around RP152 trillion, consisting of Bitcoin (BTC), Ethereum (ETH), and stablecoin Tether (USDT).

Haider Rafique, OKX's head of marketing, said the platform is committed to releasing evidence of audits of monthly digital asset reserves to provide clarity to customers.

Rafique stressed that customers can easily check audit evidence at any time to ensure that their crypto assets are 1:1 supported, meaning every token on the platform has a backup behind it. Recent audits on August 25 show that OKX has more BTC, ETH, and USDT than platform users have.

According to the audit, OKX users have a total of 135,259 BTC while the exchange holds 138,584 BTC, including 3,056 BTC stored by third parties. OKX users also have 966,527 Ethereum, while the platform has 988,631 ETH, with 10,253 ETH in third-party detention. Finally, OKX users hold 5.01 billion USDT while the OKX wallet address holds 5.1 billion USDT, including 72 million USDT in third-party detention.

OKX stated, "OkX's roof of Reserves (PoR) includes 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% over ten consecutive months in all of these assets." This is an important step towards increasing customer transparency and trust.

In a poll on social media platforms, 67.5% of the 612 people who voted considered monthly backup evidence reports "very important." In addition, in another poll, 79.6% of the 540 voters said that transparency was "very important" when choosing a reliable crypto platform. OKX continues to be committed to maintaining integrity and security in this dynamic crypto world.