OKX has released its 37th Proof of Reserves report, confirming a notable increase in user Bitcoin and stablecoin balances as of the November 19 snapshot. The exchange continues to publish monthly reserve audits as part of its transparency framework, offering a clear view into asset movements across its platform.
Bitcoin Balances Climb Above 130,000 BTC
User BTC holdings rose to 130,439 BTC, marking a 3.15% increase from October 8. The monthly gain of +3,988 BTCreflects stronger accumulation on the exchange during a period of rising market confidence and renewed institutional activity.
ETH Sees a Mild Decline
Ethereum reserves recorded a slight drop. User balances slipped 0.73%, falling from 1.62 million ETH to 1,610,826 ETH, a net decrease of 11,848 ETH. The decline suggests a modest shift in user positioning, potentially tied to recent volatility around staking yields and Layer 2 incentives.
USDT Holdings Expand by Over $700 Million
The most significant change came from stablecoin inflows.
USDT balances surged 7.16%, growing from $10.01 billion to $10.73 billion, an increase of $717 million USDT. This jump indicates stronger demand for liquidity and dollar-pegged assets on the exchange, aligned with broader stablecoin growth trends across the market.
OKX’s updated reserves underline ongoing user accumulation of Bitcoin and stablecoins heading into year-end, signaling continued confidence despite mixed conditions across the broader crypto landscape.
