Cryptocurrency exchange OKX has published its 38th monthly Proof of Reserves (PoR) report, with a snapshot dated December 11, 2025. The report indicates modest but steady growth across major user-held assets, reinforcing the platform's solvency and user confidence.
Bitcoin holdings on OKX reached approximately 130,507 BTC, marking an increase of 68 BTC (about 0.05%) compared to the previous snapshot taken on November 19. While the growth rate is small, the data suggests stability rather than significant withdrawals during a period of mixed market sentiment. The exchange emphasized that its on-chain reserves fully cover user balances, a transparency measure widely adopted across the industry following the 2022 exchange failures.
Ethereum balances showed a more pronounced increase, climbing to around 1.645 million ETH. This represents a growth of 34,431 ETH, or approximately 2.14%, from the November snapshot. The rise in ETH holdings may reflect increased staking activity, portfolio rebalancing, or users preparing for future on-chain opportunities within the DeFi and NFT ecosystems.
The most notable change was observed in stablecoin holdings. User-held USDT balances surged to approximately 11.19 billion USDT, an increase of roughly 454 million USDT (4.23%) in less than a month. This significant inflow of stablecoins is often interpreted as capital waiting on the sidelines, potentially indicating future market liquidity as traders await clearer directional cues.
OKX also reported a smaller increase in its native token OKB, with balances rising by about 1.08% over the same period. The exchange's consistent monthly PoR disclosures are part of a broader industry push toward transparency, allowing users to verify that the platform holds sufficient on-chain assets to back customer deposits. The December data paints a picture of steady user engagement and capital accumulation rather than stress or outflows as the crypto market enters 2026.
