Huobi HTX Asset Reserves Update
Huobi HTX has recently provided an update on its asset reserves, revealing that as of April 1st, the overall reserve ratio exceeds 100%. This figure is a positive indicator of the platform’s financial stability and security, showcasing Huobi HTX’s continued commitment to safeguarding user assets.
Updated Reserve Ratios
The updated reserve ratios for various cryptocurrencies are as follows:
- Bitcoin: 101%
- Ethereum: 100%
- TRON: 105%
- Tether: 101%
- Huobi Token: 105%
- XRP: 101%
- Dogecoin: 100%
- Solana: 101%
Growth in User Assets
Notably, the platform has experienced remarkable growth in total user assets, with Tether (USDT) holdings surging from approximately 665 million to 1.15 billion—an increase of over 73% from the previous month. This trend reflects a robust inflow of user investments, highlighting growing confidence in the platform among its users.
Importance of Reserve Ratios
A reserve ratio of 100% or more is critical, as it affirms that a platform can fully redeem user assets, serving as a key measure of security and transparency within the cryptocurrency landscape.
Merkle Tree Verification and Transparency
Huobi HTX, a pioneer in utilizing the Merkle Tree verification approach, has consistently shared its reserve data for the past 30 months. Users are encouraged to access the “Asset-Reserve Proof Report” section on Huobi HTX’s official site for the latest updates on reserve proofs.
