OKX has released its Proof of Reserve (PoR) report for December. We are showing slow but steady growth across our major user holdings. The snapshot, dated December 11, marks the exchange’s 38th PoR disclosure and reflects growth in Bitcoin, Ether, and Tether balances. Comparison with the previous report in November.
Bitcoin holdings show stable growth
According to the disclosure, user Bitcoin holdings on OKX reached approximately 130,507 BTC in December. This number represents an increase of 68 BTC. Or about 0.05% since the last snapshot taken on November 19th. Although growth remains small, the data suggests market sentiment is stabilizing rather than retreating during a complex period. Bitcoin balances on exchanges often decrease during strong bullish phases. When a user moves assets to self-storage.
OKX has released its 38th Reserve Certificate (snapshot date: December 11). Users’ BTC holdings are approximately 130,000 BTC, an increase of 0.05% and 68 BTC from the previous snapshot on November 19th. The amount of ETH held by users increased by 2.14% to approximately 1,645,200 ETH, an increase of 34,431 ETH. And user USDT… pic.twitter.com/KOysGkeyyB
— Wu Blockchain (@WuBlockchain) January 2, 2026
In contrast, flat or slightly increasing balances usually indicate consolidation and reduced trading pressure in the short term. OKX continues to report that on-chain reserves fully cover user balances. This strengthens the purpose of the proof-of-reserve system introduced across the industry after the 2022 exchange failure.
Ether balance rises even more rapidly
Ethereum recorded a larger increase than Bitcoin over the same period. Users’ ETH holdings rose to approximately 1,645,000 ETH, an increase of 34,431 ETH from the previous snapshot. This corresponds to a growth rate of approximately 2.14%. Increases in ETH balances may reflect increased staking activity, portfolio rebalancing, or users preparing for future on-chain opportunities.
Ethereum often serves as the underlying asset for DeFi, NFT, and Layer 2 activities. This may cause users to temporarily park their ETH on the exchange. Compared to Bitcoin, ETH balances tend to fluctuate due to ecosystem activity rather than pure price movements. December’s increase suggests engagement continues despite year-end market caution.
USDT growth signal suggests rising liquidity
The most notable change in the December report concerned stablecoins. The USDT balance held by users increased to approximately 11.19 billion USDT. This represents an increase of approximately 454 million USDT, or 4.23%, in less than a month. Increasing stablecoin balances often indicate that capital is on the sidelines. Traders may be waiting for a clearer market direction before committing capital.
As a result, large USDT inflows may be interpreted as possible future liquidity. Rather than immediate buying pressure. OKX also reported a slight increase in OKB holdings. Over the same period, the balance increased by approximately 1.08%.
Proof of reserves remains a transparency tool
OKX’s monthly Proof of Reserves report is part of a broader industry push towards transparency. Each report allows users to verify that the exchange has sufficient on-chain assets to back customer deposits. Although the changes in December were gradual. This data shows steady user engagement rather than stress.
There were no major outflows across major assets, and stablecoin balances continued to increase. As the market enters 2026, these reports will continue to be closely monitored. These provide insight beyond just currency solvency. However, it also has implications for broader investor positioning and overall liquidity trends in the crypto market.
