OKX has released its 40th Proof of Reserves snapshot, dated February 4, showing that major assets on the exchange remain backed above 100%. The disclosure lists reserves of 106% for Bitcoin, 103% for Ethereum, and 109% for Tether, indicating the platform holds more than the customer balances tied to those assets.
Among other assets in the report, XRP stands at 111%, the highest ratio mentioned, while Solana is at 100%, enough to fully match customer deposits. OKX said these figures are derived through blockchain-based auditing and Merkle tree verification, a structure that lets users verify reserve data without exposing private account information.
Reserve ratios stay above full customer coverage
A reserve ratio above 100% means the exchange is holding a buffer beyond customer liabilities. That matters most during heavy withdrawal activity. Based on the figures published by OKX, the exchange is presenting itself as able to meet withdrawal demand across the disclosed assets even during volatile market conditions.
The report also points to a broader exchange trend around reserve transparency. The source notes that MEXC published 125% Bitcoin reserves and 106% Ethereum reserves in November. In that context, reserve reporting is being used as a public measure of asset backing and customer fund coverage.
Malta license supports OKX Pay and OKX Card in Europe
Separately, OKX said it recently obtained a Payment Institution license in Malta. That approval allows the company to operate under EU rules, including compliance with MiCA and PSD2, and supports the rollout of OKX Pay and OKX Card across Europe.
Under the model described in the source, users can deposit euros, convert them into stablecoins, and use them for everyday spending or lawful DeFi activity. The move places OKX at the intersection of regulated payments, crypto spending, and on-chain financial services.
Wallet-based access extends to multiple networks for U.S. users
The source also says OKX supports decentralized trading access for users in the United States. Traders can transact directly from their own wallets, keep control of their private keys, and reach tokens on Solana, Base, and X Layer. X Layer is described as OKX’s Ethereum layer-2 network built on Polygon technology.
That structure keeps assets in the user’s own wallet rather than fully inside a centralized custody system. In the source material, OKX frames this as a way to reduce counterparty risk while improving liquidity access and user control.
OM withdrawals on Mantra network to pause for upgrade
OKX also issued a service notice tied to the Mantra network upgrade. According to the announcement, withdrawals for OM on the Mantra network will be suspended starting at 3:00 pm (UTC+8) on February 24. Trading will continue as normal during that period, and the exchange said user assets will remain secure.
Users were advised not to initiate withdrawals on that network during the upgrade window to avoid potential losses. The notice did not require any other action from customers.