OKX Publishes 40th Proof of Reserves as BTC Holdings Rise

OKX has released its 40th Proof of Reserves report, based on a snapshot taken on February 4, 2026, showing an increase in user Bitcoin holdings while Ethereum and USDT balances saw slight declines compared to the previous report.

According to the data, user BTC holdings stood at approximately 130,618 BTC, marking a 3.04% increase (+3,848 BTC) since January 17. In contrast, user ETH balances declined marginally to around 1.582 million ETH, down 0.11% (-1,673 ETH). USDT holdings totaled roughly 10.367 billion USDT, reflecting a 0.17% decrease (-17.86 million USDT).

Reserve Ratios Remain Above 100%

The exchange continues to report reserve ratios above 100% across major assets, indicating that on-chain wallet balances exceed user liabilities.

Key reserve ratios include:

• BTC: 106%
• ETH: 103%
• USDT: 109%
• USDC: 101%
• XRP: 111%
• DOGE: 101%
• SOL: 100%
• OKB: 101%

Additional assets such as BCH (122%), ETC (109%), LTC (105%), FIL (103%), TRX (103%), UNI (101%), and others also reported full or overcollateralized reserves.

A reserve ratio above 100% means the exchange holds more of a given asset in its wallets than the total amount owed to users, providing a buffer against withdrawal demands.

Breakdown of BTC and ETH Wallet Balances

For Bitcoin:

• OKX account assets: 130,618 BTC
• OKX wallet assets: 137,823 BTC
  • Exchange wallets: 127,820 BTC
  • Third-party custody: 10,003 BTC

For Ethereum:

• OKX account assets: 1,582,474 ETH
• OKX wallet assets: 1,627,430 ETH
  • Exchange wallets: 1,584,021 ETH
  • Third-party custody: 43,409 ETH

The excess wallet balances relative to account liabilities underpin the reserve ratios reported above 100%.

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What Changed Since the Last Snapshot?

Compared to January 17:

• BTC balances increased notably, suggesting either net inflows or accumulation by users.
• ETH and USDT saw minor reductions, though changes were relatively small in percentage terms.
• OKB balances declined slightly by 0.15%.

The data reflects a relatively stable liability profile overall, with no major shifts across core assets.

Transparency Trend Continues

OKX’s ongoing publication of Proof of Reserves reports forms part of a broader industry push for transparency following previous market disruptions. By providing regular snapshots and reserve ratios across a wide set of assets, exchanges aim to demonstrate solvency and liquidity coverage.

While Proof of Reserves does not fully replace comprehensive financial audits, the continued reporting above 100% across major tokens suggests that OKX currently maintains on-chain asset coverage exceeding user balances across its primary markets.

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