MEXC September Proof of Reserves Shows BTC Ratio Hits 297%

Crypto exchange MEXC published its Proof of Reserves report for September 2026, confirming that all user assets remain fully backed. The audit, carried out by security firm Hacken using a snapshot from September 10, showed that the Bitcoin reserve ratio climbed to 297 percent, up from 288 percent in August. MEXC currently holds 12,202 Bitcoin against user holdings of 4,106 coins.

Other major assets also maintained solid backing well above the one to one requirement. The USDT reserve ratio sits at 119 percent, while USDC and Ethereum both hold at 111 percent. MEXC uses Merkle Tree technology so individual traders can independently verify that their funds are included in the totals without compromising personal privacy.

CEO Vugar Usi noted that transparency must be proven through actions rather than words. Alongside monthly audits, the platform maintains a Futures Insurance Fund holding nearly 798 million USDT, alongside The Guardian Fund which stands at 101 million dollars with plans to expand to 500 million dollars over the next two years.

Traders should watch for continued monthly reports from the exchange to track how reserve ratios shift as market conditions change. Regular audits remain a key way for centralized platforms to demonstrate solvency and build long term user confidence.