OKX Latest Proof of Reserves Shows Exchange Over-collateralized
The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.
OKX
OKX Planning Web3 Foray Into India, Chief Marketing Officer Says
OKX, one of the biggest crypto exchanges by trading volume, is planning to enter India to explore potential Web3 applications.
South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time
The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges.
OKX Overcomes FTX-Related Concerns Around Crypto Industry in $70M Expansion of Man City Sponsorship
Manchester City and OKX’s other partners have been auditing the exchange’s proof of reserves to ease concerns that it won’t go the same way as FTX.
Crypto Exchange Kraken’s Canada Customer Deposits Rose 25% After Binance Announced Departure
Kraken also saw a fivefold increase in app downloads within a week of OKX saying it was leaving the country back in March.
Alameda Research Receives $57M From Crypto Exchange OKX
Alameda Research-controlled wallets hold over $240 million worth of various cryptocurrencies.
OKX Says It’s Turning Over $157M in Frozen FTX and Alameda Assets
FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement.
OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
OkCoin CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals are not affected.
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
The largest long liquidation in at least a month suggests that Thursday’s crash in crypto prices caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from Coinglass.
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
Binance, Coinbase, OKX, and Paxos have all released statements.