MEXC Exchange Reaffirms Asset Security
MEXC Exchange has reaffirmed the security of its assets in its latest Proof of Reserve (PoR) report for December, indicating that its reserves exceed the total amount of customer assets. This report disclosed a reserve ratio surpassing 100% for major cryptocurrencies such as Bitcoin, Tether, USD Coin, and Ethereum.
Reserve Coverage Details
Notably, the reserve coverage stood at:
- 141% for Bitcoin (BTC)
- 126% for Tether (USDT)
- 127% for USD Coin (USDC)
- 107% for Ethereum
According to the data provided, MEXC maintains reserves comprising:
- over 5,400 BTC
- over 2.3 billion USDT
- approximately 126.5 million USDC
- about 57,458 ETH
Proof of Reserve Initiative
MEXC pioneered its Proof of Reserve initiative in February 2023, implementing a Merkle Tree structure that enables clients to verify their own balances while ensuring the privacy of their accounts. This transparency initiative is bolstered by an ongoing partnership with Hacken, a well-respected blockchain security firm, which performs independent audits and publishes the findings each month.
Vugar Usi Zade, the Chief Operating Officer at MEXC, emphasized the platform’s commitment to transparency and full asset backing, stating that the collaboration with Hacken allows users to easily validate the adequacy of their asset support.
User Base and Accessibility
Furthermore, MEXC has garnered a user base of over 40 million individuals across 170 nations since its establishment in 2018. The exchange caters to a diverse range of digital asset trading opportunities while maintaining a focus on economic trading costs.
The full December 2025 Proof of Reserve report, along with Hacken’s independent audit, is accessible on MEXC’s dedicated Proof of Reserves webpage.
