MEXC September 2026 Proof of Reserves Shows BTC Reserve Ratio at 297%

MEXC released its September 2026 Proof of Reserves (PoR) report, audited by Hacken, confirming that user assets remain fully backed across all disclosed reserve assets. The report, based on a snapshot taken on September 10, 2026, shows a continued increase in the Bitcoin reserve ratio.

Reserve Ratios by Asset

• Bitcoin (BTC): 297% reserve ratio – 12,202.13 BTC held against 4,106.57 BTC in user holdings.
• Tether (USDT): 119% reserve ratio – 1,818,202,910.24 USDT held against 1,526,526,878.38 USDT in user holdings.
• USD Coin (USDC): 111% reserve ratio – 299,925,929.77 USDC held against 269,894,125.25 USDC in user holdings.
• Ethereum (ETH): 111% reserve ratio – 58,917.60 ETH held against 53,243.98 ETH in user holdings.

Audit Methodology

Hacken performed a comprehensive evaluation covering Proof of Liabilities, Proof of Ownership, reserve calculations, and an overall PoR assessment. The audit confirmed that MEXC’s reserves exceed a 1:1 ratio for all in‑scope assets.

Transparency Tools

MEXC uses Merkle Tree technology to allow individual users to verify that their balances are included in the total reserve calculation without exposing other users’ data.

Additional Protection Funds

• Futures Insurance Fund: approximately 798 million USDT.
• Guardian Fund: about $101 million, with a plan to reach $500 million within two years.

CEO Statement

CEO Vugar Usi emphasized that protecting user assets and building trust are core responsibilities, and that monthly, verifiable PoR reports are intended to give users independent validation of their holdings.