- OKX holds Bitcoin, ETH, and stablecoins above 100% reserves, ensuring users can always withdraw funds safely.
- EU Payment license lets OKX Pay and Card work across Europe, bridging crypto with everyday spending and DeFi access.
- Mantra network withdrawals pause Feb 24 for upgrades, but trading continues, and user assets remain secure.
OKX, a major global cryptocurrency exchange, has published its 40th Proof of Reserves (PoR) snapshot on February 4, reflecting robust asset coverage. The snapshot discloses the following asset reserves: 106% for Bitcoin, 103% for Ethereum, and 109% for Tether, thereby confirming the exchange holds a cushion above customer deposits.
XRP holds the top position with 111%, followed by Solana at exactly 100%, which is just enough to cover customer deposits. These values are calculated using blockchain auditing with Merkle trees, allowing anyone to check the figures without needing access to private accounts.
In addition to showcasing robustness, the PoR snapshot also eases customer concerns in the midst of market volatility. A reserve ratio above 100% indicates the exchange has enough assets to satisfy all withdrawal demands, even during turbulent times.
OKX explained that its transparent reporting follows the trend set by other exchanges such as MEXC, which published 125% for Bitcoin and 106% for Ethereum in November. Thus, both exchanges demonstrate a commitment to customer security and transparency.
EU licensing and DeFi integration
Moreover, OKX has recently obtained a Payment Institution license in Malta, enabling full operation under EU regulations, including MiCA and PSD2 compliance. This license allows the rollout of OKX Pay and OKX Card services across Europe.
Users can deposit euros, convert them into stablecoins, and spend them for everyday purchases or legal DeFi activities. Consequently, OKX strengthens its position as a fully compliant, multi-service platform bridging traditional finance and decentralized applications.
Additionally, OKX supports decentralized trading for U.S. users. Traders can now operate directly from their wallets, retain private keys, and access tokens on Solana, Base, and X Layer, its Ethereum layer-2 built on Polygon technology. This reduces counterparty risk while enhancing liquidity and user autonomy.
Mantra network upgrade
Recently, an announcement by the exchange stated that users should note that withdrawals for OM on the Mantra network will pause from 03:00 pm (UTC+8) on February 24 for a network upgrade. Trading continues normally, but customers should avoid withdrawals to prevent potential loss. OKX confirms assets remain secure during the upgrade, and no action is required.
