OKX and Bybit release latest cryptocurrency proof-of-reserves reports

Major cryptocurrency exchanges OKX and Bybit have released their latest monthly proof-of-reserves reports, detailing asset holdings and reserve ratios to demonstrate solvency.

OKX reported 139,865 BTC in customer assets in its 47th report, a 4.07% increase from its August snapshot. The exchange also noted that Ether holdings rose 3.49% to 1.786 million ETH, while USDT assets increased 4.62% to 8.49 billion tokens. OKX listed $27.4 billion in primary assets, maintaining a Bitcoin reserve ratio of 109%.

Bybit published its 40th report, showing covered assets totaling $19.6 billion, up from $18.1 billion in August. The increase is attributed to the addition of 10 new tokens to its reporting scope. Bybit reported a Bitcoin reserve ratio of 104% and an Ethereum reserve ratio of 103%. Its USDT reserves showed a 110% ratio. The figures were verified by third-party auditor Hacken.