MEXC’s October Proof of Reserves Highlights Strong Asset Coverage
- MEXC has released its October Proof of Reserves (PoR) report, audited by Hacken.
- The reserve ratios are reported as BTC at 294%, USDT at 122%, USDC at 115%, and ETH at 111%.
- MEXC employs Merkle Tree technology for user-level verification and on-chain transparency.
- The platform’s Guardian Fund holds over $100 million USDT and aims to expand to $500 million in two years.
MEXC’s latest PoR report showcases robust asset coverage, with all reserve ratios exceeding the benchmark of over a hundred percent, particularly highlighting BTC’s high reserve ratio of nearly three times the user holdings. This transparency is supported by independent audits and advanced verification technologies.
The significant reserve ratios and ongoing security enhancements underscore MEXC’s commitment to user trust and asset protection, with a strategic plan to grow its Guardian Fund significantly in the coming years. (Source)
