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Millions of XRP Secured by Major Exchange to Enhance Reserve Stability

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In a groundbreaking revelation, OKX has bolstered its reserve stability, with the disclosing of its 14th reserve certificates, demonstrating an astounding $14.9 billion in person belongings as of the snapshot taken on Dec. 13.

The pivotal facet of this report facilities on OKX’s dedication to fortifying user-held XRP tokens with sturdy 103% protection, making certain a strong backing by the trade’s personal reserves.

The reassurance extends to a powerful 233.74 million XRP tokens, equal to a staggering $143.52 million in worth. Remarkably, OKX’s reserves in XRP surpass person funds by 7.673 million XRP, constituting a 4.7 million surplus.

Considerably, person positions in XRP on OKX have surged by 300,000 greater than reserves because the final report, resulting in a 1% drop within the reserve ratio.

📢 Scorching Off The Press 📢

We’re proud to publish our December 2023 #ProofOfReserves report showcasing 100% reserve ratios for 22 belongings.

This marks our 14th consecutive month-to-month PoR report 💪🏽

Confirm now: https://t.co/X3jfgXQAwY pic.twitter.com/QTpx2N2Ymh

— OKX (@okx) December 20, 2023

The report additionally illuminates notable fluctuations in different digital belongings, akin to a considerable enhance in holdings, together with 3,496 Bitcoin (BTC) and roughly 58,492 Ethereum (ETH). Nevertheless, within the stablecoin realm, USDT skilled a lower of 161.72 million in OKX Pockets belongings, whereas USDC witnessed a lower of 42.315 million.

Whereas OKX stands out for its vital reserves, customers are urged to acknowledge the centralized construction of exchanges. The age-old adage, “not your keys, not your crypto,” underscores the significance of traders exercising prudence and warning, at the same time as main exchanges bolster their reserve stability.

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