OKX has reaffirmed its financial strength with its latest proof of reserves, showing the exchange holds more assets than its customers have deposited.
The disclosure, its 35th to date, confirms $37.7 billion in backing across Bitcoin, Ethereum, and multiple stablecoins.
Bitcoin Strengthens, Others Ease
While September brought a noticeable increase in Bitcoin deposits, with OKX users holding more than 125,000 BTC, Ethereum and stablecoin balances saw slight pullbacks. ETH holdings slipped to around 1.7 million, and Tether dropped by just over 2%, with USDC also edging lower. Despite the declines, every major asset still maintains full coverage, with Bitcoin reserves standing strongest at 105%.
Risk Buffer Across Altcoins
Beyond the top cryptocurrencies, OKX continues to over-collateralize a wide range of tokens. Bitcoin Cash leads the pack with a 118% coverage rate, followed by XRP and Ethereum Classic at over 107%. Even Dogecoin maintains a margin above 100%, underscoring a consistent buffer across both large- and mid-cap assets.
New Push Into Payments
The reserve report comes as OKX is broadening its ecosystem. At TOKEN2049, CEO Star Xu introduced OKX Pay, a payment service built on the firm’s Ethereum Layer-2 network. Designed for everyday use, the app allows QR-based stablecoin transfers while offering cashback and yield rewards. Xu described the initiative as a step toward making stablecoins a mainstream option for global transactions, with Singapore as the launch market and expansion already planned for Brazil, Europe, and the U.S.
With strong reserves and a push into real-world payments, OKX is positioning itself not just as a trading platform but as an infrastructure provider for the next phase of digital finance.
