Ethereum

Ethereum 2.0

ETH 2.0

<div class="cryptonews"> 
 <p class="is-style-lead">OKX’s eleventh Proof-of-Reserves report reveals marked growth in user-held assets and incorporates ETH 2.0 staking data for the first time.</p> 
 <p>Leading crypto exchange OKX has unveiled its eleventh Proof-of-Re<a rel="dofollow" title="serves" href="https://thebittimes.com/tag/serves.html">serves</a> (POR) certificate. The latest disclosure reveals significant uptrends in user-held assets, especially in the realm of Bitcoin (BTC) and Ethereum (ETH). For the first time, the exchange’s POR report incorporates figures related to ETH 2.0 <a rel="dofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a>, accounting for a staggering 41.8% surge in user ETH assets.</p> 
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 <h2 class="wp-block-heading" id="a-deeper-dive-understanding-the-numbers">A deeper dive: understanding the numbers</h2> 
 <p>The current disclosure shows the exchange holds a BTC reserve ratio of 102%. The total BTC assets held by users stood at 142,635, marking an increase of 7,376 BTC since the previous report.&nbsp;</p> 
 <p>Most notably, the report <a rel="dofollow" title="includes" href="https://thebittimes.com/tag/includes.html">includes</a> ETH 2.0 <a rel="dofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> data for the first time. The ETH <a rel="dofollow" title="reserve" href="https://thebittimes.com/tag/reserve.html">reserve</a> ratio is 103%. User-held ETH assets have skyrocketed to 1,370,982, a 41.8% growth driven in part by the inclusion of ETH 2.0 <a rel="dofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a>.&nbsp;</p> 
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 <p>The POR report also highlights a 102% reserve ratio for Tether (USDT) and 106% for USD Coin (USDC). For XRP, the reserve ratio is 103%. Users hold 173,284,313 XRP, with 178,401,336 XRP in OKX’s own wallets, all of which are held in the exchange wallets.</p> 
 <p>The latest POR comes amid increased scrutiny on cryptocurrency exchanges, requiring greater transparency. OKX’s disclosure <a rel="dofollow" title="serves" href="https://thebittimes.com/tag/serves.html">serves</a> to bolster its reputation for financial integrity and user trust. </p> 
 <p>Last month, OKX conducted two surveys on X (formally known as Twitter) to understand the community’s sentiment around transparency and POR. The surveys showed that 84% of users want to see monthly POR reports, and it’s significantly important for the community when choosing which exchange to trust.&nbsp;</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> OKX teams up with Solana Mobile over web3 expansion 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/okx-releases-11th-proof-of-reserves-includes-ethereum-2-0-staking-tbt64117.html">https://thebittimes.com/okx-releases-11th-proof-of-reserves-includes-ethereum-2-0-staking-tbt64117.html</a></p>

OKX releases 11th proof-of-reserves, includes Ethereum 2.0 staking

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