Tags: OKEx

In Nov, trading volume on centralized exchanges rose for 2nd consecutive month, reaching $3.61tn, highest since March 2023.

Amidst dwindling CEXs’ trading volume, OKX marked a one-year milestone of monthly Proof of Reserves reports.

The USD value of OKX’s reserves has increased by more than 7.6% since August this year.

OKX’s August PoR report disclosed that the USD value of its reserves has dropped by roughly $1 billion from the $11.3 billion reported in July.

Today in Crypto: Binance Denies Reports of Its Activities in China, Coinbase is Looking Into Adding Bitcoin Lightning Network, OKX Launches Account Abstraction Feature, Hyundai & Kia Partner With Hedera

Bitcoin price is showing some strength, and charts suggest BNB, LTC, OKB and QNT could follow?

The latest round is the third-largest in OKB’s burn history.

OKX’s seventh PoR shows that the exchange holds bitcoin, ether, and USDT worth $10 billion in its reserve.

The crypto exchange considers Türkiye as a “growing center of innovation and blockchain expertise” and is willing to open an office there.

The PEPE hype seems nowhere near its end, as its price shot up by over 90% over the past 24 hours.

Today in Crypto: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation Launches ‘Twin’ Token ckBTC

OKX investigation discovered accounts holding $157 million in virtual assets owned by FTX and Alameda. 

OKX will set up two entities in Hong Kong.

The report comes amidst significant turmoil in the financial sector.

The company assured that user funds are safe.

Over over 175,000 unique users have flocked to OKX’s PoR page to verify their holdings.

The announcement of a new blockchain following the earlier release of a proof-of-reserves report pushed OKB higher. BTC and ETH benefited from short covering.

OKBChain will function as a separate blockchain to foster OKB decentralized ecosystem 

The reserves do not contain OKX’s native token.

Bitcoin has turned bullish, but is it a dead cat bounce? If BTC bulls keep pace, LTC, OKB, BIT and FTM could see strong rallies.