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Trading Exchange Okex's Crypto Reserves Nosedived After Withdrawals Opened.

Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday.

Following more than a month of uncertainty, Okex announced the exchange would open up withdrawals again on November 26, 2020.

For example, onchain data shows on November 25, Okex had around 275 million ERC20-based tether (USDT) and by December 4, the exchange only held 19 million tether.

Statistics from the web portal Bituniverse, which displays an “Exchange Transparent Balance Rank,” shows Okex is currently the fifth-largest crypto exchange in terms of assets held in reserves.