MEXC, a digital asset trading platform known for its zero-fee model, 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. The exchange continues to disclose reserve data on a monthly basis, an initiative it describes as a way to enhance transparency and safeguard the security of user funds.

The audited report is based on a snapshot dated September 10, 2026. Reserve ratios for the 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.

A reserve ratio above 100% indicates that a platform holds more of an asset than the total balance users have on deposit; at 297%, MEXC's reported BTC reserves stand at nearly three times its customers' BTC holdings.

Monthly, independently audited reserve disclosures have been a focal point for the crypto industry since the 2022 collapse of FTX, which underscored the risks of exchange solvency claims that customers could not verify on their own. Against that backdrop, MEXC verifies its reserves through Merkle Tree technology, which allows individual users to confirm that 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 the exchange's reserves, covering Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a PoR Assessment. The auditor confirmed that MEXC's reserves exceed a 1:1 ratio across all in-scope assets, fully covering user liabilities. The full audit report is published on Hacken's website.

"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 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. The exchange also operates the Guardian Fund, a dual-reserve structure combining USDT and BTC holdings that provides 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, a target that future disclosures will allow users to track over time.

The latest Proof of Reserves snapshot and audit report are available on the MEXC Proof of Reserves page. With reserve data published monthly, the next snapshot will show whether the BTC ratio's month-over-month increase continues.

About MEXC

Founded in 2018, MEXC is a global multi-asset trading platform that positions itself as a zero-fee gateway to a broad range of markets. Serving users across more than 170 markets, the company offers access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through a single account. The platform emphasizes zero trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience aimed at retail users who want to act quickly and with fewer barriers. As crypto and traditional finance continue to converge, MEXC says it is committed to making global opportunities more accessible.

For media inquiries, the MEXC PR team can be reached at media@mexc.com.

Risk Disclaimer: This content does not constitute investment advice. Given the volatility of financial markets—including digital assets, tokenized assets, and traditional financial products—investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

Source: Metaverse Post