OKX released its 47th monthly Proof of Reserves report, verified on September 8, 2026, revealing that the exchange holds approximately 244.5 million XRP. This figure represents a 33% increase from the 183 million XRP balance recorded at the start of the year. The current holding equates to roughly $366 million and constitutes 0.359% of the circulating XRP supply.
The report indicates that OKX maintains a 108% ratio of exchange-held XRP relative to customer balances, with users holding about 227.095 million XRP on the platform. Customer XRP holdings have grown by 61.4 million tokens since January 17, 2026. Across all assets, including Bitcoin and Ethereum, OKX confirms it backs customer balances at more than a 1:1 ratio, holding approximately $27.4 billion in primary cryptocurrency assets.
The consistent publication of Proof of Reserves reports serves as a critical mechanism for maintaining institutional trust following the collapse of FTX in November 2022. By verifying solvency through third-party audits and transparent on-chain data, exchanges like OKX aim to mitigate counterparty risk concerns among large-scale investors. The specific growth in XRP reserves suggests either increased user demand for the asset or strategic accumulation by the exchange, both of which signal confidence in the token's liquidity within the platform's ecosystem.
From a market structure perspective, the maintenance of ratios above 100% across major assets such as Bitcoin, Ethereum, and Solana reinforces the operational stability required for broader institutional adoption. However, the reliance on self-reported metrics, even when verified, highlights ongoing regulatory scrutiny regarding custody practices. Stakeholders should monitor whether these transparency standards become codified into formal regulatory frameworks, as the industry continues to align with post-FTX compliance expectations.
