Cryptocurrency exchange OKX has released its 40th consecutive Proof of Reserves (PoR) report, based on a snapshot taken on February 4, 2026. The report reveals a significant increase in user Bitcoin holdings while Ethereum and Tether balances saw minor declines.
Key reserve data shows user BTC holdings at approximately 130,618 BTC, marking a 3.04% increase (+3,848 BTC) since the previous snapshot on 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).
The exchange continues to report reserve ratios above 100% across all major assets, indicating that on-chain wallet balances exceed user liabilities. The key reserve ratios are: BTC: 106%, ETH: 103%, USDT: 109%, USDC: 101%, XRP: 111%, DOGE: 101%, SOL: 100%, and OKB: 101%. Additional assets such as BCH (122%), ETC (109%), LTC (105%), FIL (103%), TRX (103%), and UNI (101%) 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. For Bitcoin, OKX wallet assets total 137,823 BTC against user account liabilities of 130,618 BTC. For Ethereum, wallet assets are 1,627,430 ETH against liabilities of 1,582,474 ETH.
In a parallel development, OKX has 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, where users can deposit euros, convert them into stablecoins, and spend them for everyday purchases or compliant DeFi activities.
The exchange also noted a temporary pause on withdrawals for OM tokens on the Mantra network starting at 03:00 pm (UTC+8) on February 24 for a network upgrade, although trading will continue normally and user assets remain secure.
