MEXC has released its September 2026 Proof of Reserves 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, according to the snapshot dated September 10, 2026.
The audited figures show BTC reserves of 12,202.13 BTC covering 4,106.57 BTC in user holdings. For stablecoins and Ethereum, the ratios were also above 1:1: USDT at 119% with 1.818 billion USDT in reserves against 1.526 billion in liabilities; USDC at 111% with 299.92 million USDC covering 269.89 million; and ETH at 111% with 58,917.60 ETH backing 53,243.98 ETH.
MEXC uses Merkle Tree technology so individual users can verify their balances are included without exposing other users' data. Hacken's evaluation covered Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a PoR Assessment, concluding that MEXC reserves exceed a 1:1 ratio across all in-scope assets.
CEO Vugar Usi stated that protecting user assets and earning trust are fundamental responsibilities, and that monthly verifiable Proof of Reserves allows users to validate asset data independently rather than relying on assurances. In addition, MEXC maintains a Futures Insurance Fund with approximately 798 million USDT and a dual-reserve Guardian Fund holding $101 million in USDT and BTC, with plans to expand to $500 million within two years.
