MEXC’s September 2026 Proof of Reserves Reaffirms Full Backing of User Assets, BTC Reserve Ratio Increases to 297%
MEXC, a pioneer in 0-fee digital asset trading, has released its September 2026 Proof of Reserves (PoR) report, audited by Hacken, confirming that user assets remain fully backed across all major reserve assets. The BTC reserve ratio increased to 297%, up from 288% in August. MEXC continues to disclose reserve data on a monthly basis, aiming to enhance transparency and safeguard the security of user funds.
According to the audited report, dated as of the September 10, 2026 snapshot, reserve ratios for all disclosed assets are as follows:
BTC: 297%. Reserves of 12,202.13 BTC cover 4,106.57 BTC in user holdings.
USDT: 119%. Reserves of 1,818,202,910.24 USDT cover 1,526,526,878.38 USDT in user holdings.
USDC: 111%. Reserves of 299,925,929.77 USDC cover 269,894,125.25 USDC in user holdings.
ETH: 111%. Reserves of 58,917.60 ETH cover 53,243.98 ETH in user holdings.
MEXC verifies its reserves through Merkle Tree technology, allowing individual users to confirm their balances are included in the total reserve calculation without exposing other users’ data. For this month’s audit, Hacken conducted a comprehensive evaluation of MEXC’s reserves, covering Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a PoR Assessment. Hacken confirmed that MEXC’s reserves exceed a 1:1 ratio across all in-scope assets, fully covering user liabilities.
“Protecting user assets and earning their trust are fundamental responsibilities, not optional commitments,” said Vugar Usi, CEO of MEXC. “In an industry where confidence has been tested time and again, transparency must be demonstrated through actions that users can independently verify. That is why we publish verifiable Proof of Reserves every month, giving users the ability to validate their asset data at any time rather than simply relying on our assurances. Our commitment is to continue raising the standard for transparency, accountability, and asset protection, and to build the kind of trust that is earned consistently over time.”
To further protect user assets, MEXC maintains the Futures Insurance Fund, which absorbs losses from liquidations triggered by extreme market conditions. The fund held a balance of approximately 798 million USDT as of press time. MEXC also operates The Guardian Fund, a dual-reserve structure combining USDT and BTC holdings that offers full compensation coverage for platform-related issues. It held a balance of $101 million as of press time and plans to expand to $500 million within two years.
To view the latest Proof of Reserves snapshot and audit report, please visit the MEXC Proof of Reserves page.
About MEXC
Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.
With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
