Hacken confirms MEXC reserves fully back users, BTC ratio 297%
Mutsamudu, Comoros, September 15, 2026 – MEXC released its September 2026 Proof of Reserves report, audited by Hacken, confirming full backing of user assets across disclosed reserves. The BTC reserve ratio rose to 297% from 288% in August. MEXC continues monthly reserve disclosures to enhance transparency and fund security.
As of the September 10, 2026 snapshot, audited reserve ratios and balances:
BTC: 297%. Reserves 12,202.13 BTC; user holdings 4,106.57 BTC.
USDT: 119%. Reserves 1,818,202,910.24 USDT; user holdings 1,526,526,878.38 USDT.
USDC: 111%. Reserves 299,925,929.77 USDC; user holdings 269,894,125.25 USDC.
ETH: 111%. Reserves 58,917.60 ETH; user holdings 53,243.98 ETH.
MEXC uses Merkle Tree verification to allow users to confirm inclusion of their balances without exposing other data. Hacken’s audit covered Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a PoR Assessment. Hacken verified reserves exceed a 1:1 ratio for all in-scope assets, covering user liabilities.
CEO Vugar Usi stated that asset protection and verifiable transparency are core responsibilities, highlighting monthly verifiable PoR as a mechanism for users to validate asset data.
MEXC maintains additional protections:
- Futures Insurance Fund: ~798 million USDT, designed to absorb losses from liquidations in extreme market conditions.
- The Guardian Fund: dual-reserve in USDT and BTC providing compensation coverage for platform-related issues; current balance $101 million with a target of $500 million within two years.
Latest PoR snapshot and audit: MEXC Proof of Reserves page.
About MEXC
Founded in 2018, MEXC is a global multi-asset trading platform with 0 trading fees, deep liquidity, broad asset coverage, and support for crypto, stocks, tokenized assets, and derivatives across 170+ markets.
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This content does not constitute investment advice. Financial markets, including digital and tokenized assets and traditional products, involve volatility and risk. Investors should assess market conditions, asset fundamentals, and risks before making decisions.
