The amount of assets held on behalf of users by the OKX exchange increased to $8.6 billion, up from the previous three times stated, according to Proof-of-Reserves statistics published on the afternoon of February 20. This served as the catalyst for the OKB token to set a record-high nmhaats.

As of February 17, OKX specifically knows that it is in charge of 130,664 BTC, 1,288,504 ETH, and 3 billion USDT. The following values are 2–4% larger than the amount of money that consumers deposited on the exchange, guaranteeing that the margin ratio is always above 100%.

The OKB token price increased 30%, hitting an all-time high, as a result of the cumulative news. OKB is trading at $53.11 at the moment.

The OKB token increased 20% and hit an all-time high of $47.7 when the OKX exchange previously announced that it would introduce a new blockchain dubbed OKBChain in Q1 of this year.

The platform’s user assets have climbed from $6.4 billion in December 2022 to $7.5 billion, according to an announcement made by OKX last month.

Additionally, the collapse of FTX, which was primarily caused by illiquid token holdings, gave rise to a new idea of “clean reserves” – devised by CryptoQuant to gauge how dependent an exchange is on its cryptocurrency, the exchange token value only makes up a small portion of the balance sheet.

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Also, according to the most recent statistics from CryptoQuant, OKX continues to lead this index with a flawless score of 100%, while Binance and Huobi only receive scores of 94% and 61%, respectively, for their “cleanliness.”