MEXC Showcases Strong Asset Backing in December Proof of Reserve

Summary:
MEXC has announced its December Proof of Reserve (PoR), demonstrating that its assets are fully backed. The report reveals that reserves exceed 100% for Bitcoin, USDT, USDC, and Ethereum, assuring users of the exchange's transparency and reliability.

Key Takeaways

MEXC's December Proof of Reserve confirms over 100% asset backing for major cryptocurrencies.
Bitcoin reserves stand at 141%, while Ethereum is backed at 107%.
The exchange uses a Merkle Tree-based verification system, audited by Hacken.
Ongoing monthly audits enhance user confidence in the platform's asset security.
MEXC serves a global user base of over 40 million and prioritizes low trading fees and a diverse selection of cryptocurrencies.

MEXC December Proof of Reserve confirms full asset backing

MEXC Reserves Overview

In its latest Proof of Reserve report for December, MEXC confirms that all audited digital assets maintain more than 100% reserve backing. According to the data provided, the reserve ratios are significant: Bitcoin (BTC) is backed at 141%, Tether (USDT) at 126%, USD Coin (USDC) at 127%, and Ethereum (ETH) at 107%.

The exchange holds substantial reserves, with a total of 5,401.59 BTC, 2.32 billion USDT, 126.5 million USDC, and 57,457.10 ETH, as disclosed in their report.

Proof of Reserve System

MEXC introduced its Proof of Reserve (PoR) system in February 2023, which employs a Merkle Tree structure. This system enables users to independently verify their balances while ensuring privacy protection for their accounts.

To bolster its accountability, MEXC has extended its partnership with Hacken, an independent firm specializing in blockchain security and compliance. Hacken now conducts and publishes monthly audits of the PoR, allowing for increased transparency.

“Ensuring full reserves and maintaining transparency are core commitments at MEXC,” stated Vugar Usi Zade, the Chief Operating Officer. He emphasized that through these independent audits, users can confidently ascertain that their assets are fully supported.

The December 2025 Proof of Reserve report, along with the independent audit conducted by Hacken, is readily accessible on MEXC’s Proof of Reserves page for user verification.

Conclusion

Founded in 2018, MEXC has grown to serve over 40 million users in more than 170 countries. The platform is focused on providing access to digital assets while maintaining low trading fees and a diverse array of cryptocurrency tokens. Through its commitment to transparency and full reserve backing, MEXC aims to foster trust among its users in the ever-evolving world of cryptocurrency.