OKX Reports Slight Increase in Bitcoin and Ethereum Holdings in Latest Proof of Reserves

The crypto exchange’s 38th Proof of Reserves shows marginal growth in BTC and notable rise in ETH holdings since November.

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Terms & Concepts
  • Proof of Reserves: An audit process where a cryptocurrency exchange verifies and discloses its holdings, ensuring transparency and solvency for user funds.
  • BTC: Abbreviation for Bitcoin, a decentralized digital currency without a central bank or single administrator.
  • ETH: Abbreviation for Ethereum, a blockchain platform with its own cryptocurrency used for transactions and smart contracts.