Stablecoins
MEXC Releases August 2026 Proof of Reserves, Confirms User Assets Fully Backed
MEXC, a leading cryptocurrency exchange known for its 0-fee trading model, has released its Proof of Reserves (PoR) report for August 2026, audited by Hacken. The report indicates that reserve ratios for all major assets remain above 100%, highlighting the platform's strong financial position and commitment to user asset security.
Key findings from the report include:
- BTC Reserve Ratio: 288%, covering 4,282.20 BTC in user assets.
- USDT Reserve Ratio: 115%, covering 1,691,925,884.19 USDT in user holdings.
- USDC Reserve Ratio: 114%, covering 170,998,567.28 USDC in user holdings.
- ETH Reserve Ratio: 113%, covering 58,457.33 ETH in user holdings.
In addition to the PoR, MEXC's Futures Insurance Fund has reached 751 million USDT, designed to absorb losses from liquidations during extreme market conditions. The MEXC Guardian Fund, which combines USDT and BTC, is set to expand from $100 million to $500 million over the next two years.
MEXC employs a comprehensive security framework that includes AI-driven risk monitoring, regular security audits, and 24/7 multilingual customer support. The exchange plans to continue its monthly PoR disclosures to enhance user confidence and asset protection.
FAQ
What is the Proof of Reserves (PoR) report released by MEXC?
The Proof of Reserves (PoR) report is an audit conducted to verify that the assets held by MEXC are fully backed by reserves. The August 2026 report, audited by Hacken, shows that reserve ratios for all major assets exceed 100%, ensuring user asset security.
What are the reserve ratios for major assets according to the August 2026 PoR?
The reserve ratios for major assets as of August 2026 are as follows: BTC at 288%, USDT at 115%, USDC at 114%, and ETH at 113%. This indicates that MEXC has more than enough reserves to cover user holdings.
What is the purpose of MEXC's Futures Insurance Fund?
MEXC's Futures Insurance Fund, which has reached 751 million USDT, is designed to absorb losses from liquidations during extreme market conditions, providing an additional layer of security for users engaged in futures trading.
How does MEXC ensure the security of user assets?
MEXC employs a comprehensive security framework that includes AI-driven risk monitoring, regular security audits, and 24/7 multilingual customer support to ensure the safety and security of user assets.
Will MEXC continue to provide Proof of Reserves disclosures?
Yes, MEXC plans to continue its monthly Proof of Reserves disclosures to enhance user confidence and ensure ongoing asset protection.