OKX, one of the premiere crypto exchanges in the world, released its ninth consecutive Monthly Proof of Reserves (PoR) report last Wednesday, showing that it had over $11.3 billion of crypto assets, including XRP, stored as of July twenty-sixth. Not only is it impressive that OKX maintains a reserve ratio upper than a hundred percent in investments like bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, tether, Gemini Dollar, Dash, USD Coin, true USD, okB, aptToken, Polkadot, Bakery&Swap Token, Ircon, Litcoin Cash, NEO, ELF, EOS, Filecoin, and LINK, but that these same holdings conserve a considerable wellspring of over 196,322,816 tokens. Even more impressive is their XRP reserve in cold storage that spans an impressive 192,455,205 tokens.
XRP has been notably highlighted in reporting by top exchanges over the span of 2021 due to the reversal of the SEC ruling against Ripple that has magnetized many investors to accommodate for it. This has signified for giants such as Binance, Galaxy Digital, Uphold and CryptoCom (just to highlight a few) to include XRP as part of their vault and likely secure with enough of a reservoir of it to outrun volatiles that often accompany XRP’s revaluations. For instance, Uphold shared a Proof of Reserves revealing it held a significant 2.1 Billion tokens equating to $1.07 billion. Similarly, Binance had stockpiled 2.7 billion according to their March findings, while CryptoCom saw reaching over 101 percentage reserves of XRP in December of last year. Each one expresses interests differently, however unquestionably evidence of a desire for financial provision against expected derivations.