Huobi HTX Updates Merkle Tree Proof of Reserves
On May 1st, Huobi HTX published its updated Merkle Tree Proof of Reserves, revealing strong reserve rates across several key digital assets. The reported reserve ratios indicate that the platform maintains over 100% reserves for prominent cryptocurrencies:
- Bitcoin (BTC) at 101%
- Ethereum (ETH) at 100%
- Tron (TRX) at 105%
- Tether (USDT) at 101%
- Huobi Token (HTX) at 104%
- XRP at 101%
- Dogecoin (DOGE) at 100%
- Solana (SOL) at 101%
Notably, there are 1.52 billion USDT held by users against the backdrop of total platform reserves of 1.53 billion USDT, showcasing a considerable increase of more than 30% since last month. This growth underscores Huobi HTX’s sustained appeal within the cryptocurrency market.
Commitment to Transparency
Having pioneered the implementation of the Merkle Tree verification system in the industry, Huobi HTX has consistently shared its reserve data for over 31 months. Users can access these proofs anytime through the “Assets-Reserve Proof Report” section on the official Huobi HTX website, where monthly updates are published.
Looking ahead, Huobi HTX is committed to bolstering transparency in asset holdings by routinely disclosing Proof of Reserves data. This initiative aims to further cultivate user confidence and ensure clarity regarding its asset security.
