2024

Million

USDC

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<a href="https://www.okx.com/proof-of-reserves/detail" rel="noopener noreferrer nofollow">OKX</a>, the renowned global crypto exchange, has revealed staggering figures regarding its reserves in the latest monthly proof-of-reserves audit. The report, released today, highlighted a notable surge in XRP reserves, marking a significant milestone for the exchange.
As of Feb. 21, OKX's reserves not only exceeded the industry standard for leading cryptocurrencies like&nbsp;<a href="https://u.today/3-reasons-why-bitcoin-btc-didnt-break-52000" rel="noopener noreferrer nofollow">Bitcoin</a>, Ethereum, USDT and USDC but also showcased an exceptional increase in reserves for XRP. The exchange reported an additional 44.9 million XRP added to its reserves over the past month alone, bringing the total to an impressive 250.958 million tokens.
This surge in reserves reflects OKX's commitment to ensuring robust backing for its users' XRP holdings, with the exchange now boasting reserves estimated at 259,587,408 XRP, equivalent to approximately $137.58 million. Such substantial reserves underscore OKX's pivotal role in facilitating global crypto trading and reinforcing confidence among&nbsp;<a href="https://u.today/ripple-cto-doesnt-expect-xrp-price-volatility-to-drop" rel="noopener noreferrer nofollow">XRP</a> holders utilizing the platform.
<blockquote>
 📢 Hot Off The Press 📢We're proud to publish our February 2024 <a href="https://twitter.com/hashtag/ProofOfReserves?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ProofOfReserves</a> report showcasing 100% reserve ratios for 22 assets.This marks our 16th consecutive monthly PoR report 💪🏽Read on: <a href="https://t.co/Zy2nBfPecP" rel="noopener noreferrer nofollow">https://t.co/Zy2nBfPecP</a> <a href="https://t.co/Hsli0ONaTR" rel="noopener noreferrer nofollow">pic.twitter.com/Hsli0ONaTR</a>— OKX (@okx) <a href="https://twitter.com/okx/status/1762026443595505733?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
</blockquote>
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 crypto landscape. The surge in XRP reserves signifies growing demand and interest in the&nbsp;<a href="https://u.today/mysterious-giant-grabs-up-293-billion-shiba-inu-shib-in-surprise-move" rel="noopener noreferrer nofollow">digital asset</a>, further solidifying its position on the market.
However, amid these impressive figures, it is crucial to acknowledge a fundamental principle in the crypto sphere: "Not your keys - not your crypto." This serves as a reminder of the importance of individual control over one's assets, emphasizing the need for users to exercise caution and diligence in managing their investments.

XRP Reserves Skyrocket: Major Exchange Adds 44.9 Million More XRP

U_Today

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