- MEXC released its September 2026 Proof of Reserves report, audited by Hacken, with a snapshot date of September 10, 2026.
- The BTC reserve ratio rose to 297%, up from 288% in August, with 12,202.13 BTC in reserves covering 4,106.57 BTC in user holdings.
- USDT reserves stood at 119% (1,818,202,910.24 USDT covering 1,526,526,878.38 USDT), while USDC and ETH each posted 111% ratios.
- Hacken confirmed reserves exceed a 1:1 ratio across all in-scope assets, fully covering user liabilities.
- MEXC’s Futures Insurance Fund held roughly 798 million USDT, and The Guardian Fund held $101 million with plans to expand to $500 million within two years.
MEXC, the global multi-asset trading platform known for its 0-fee trading model, has published its September 2026 Proof of Reserves (PoR) report, audited by cybersecurity firm Hacken. The report, based on a snapshot dated September 10, 2026, confirms that user assets remain fully backed across all major reserve assets. The exchange continues to disclose reserve data on a monthly basis, a cadence it frames as central to its transparency and user-fund-security commitments.
Bitcoin Reserve Ratio Climbs to 297%
The headline figure in the latest attestation is the Bitcoin reserve ratio, which increased to 297% from 288% in August. According to the audited report, reserves of 12,202.13 BTC cover user holdings of 4,106.57 BTC — a substantial surplus relative to liabilities. The other disclosed assets also show full backing: USDT reserves of 1,818,202,910.24 cover 1,526,526,878.38 in user holdings, a ratio of 119%; USDC reserves of 299,925,929.77 cover 269,894,125.25, a ratio of 111%; and ETH reserves of 58,917.60 cover 53,243.98, also 111%.
MEXC verifies its reserves through Merkle Tree technology, which allows individual users to confirm that their balances are included in the total reserve calculation without exposing other users’ data. For this month’s audit, Hacken conducted a comprehensive evaluation covering Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a PoR Assessment. Hacken confirmed that MEXC’s reserves exceed a 1:1 ratio across all in-scope assets, fully covering user liabilities.
Insurance Funds and the Transparency Argument
“Protecting user assets and earning their trust are fundamental responsibilities, not optional commitments,” said Vugar Usi, CEO of MEXC. “In an industry where confidence has been tested time and again, transparency must be demonstrated through actions that users can independently verify. That is why we publish verifiable Proof of Reserves every month, giving users the ability to validate their asset data at any time rather than simply relying on our assurances.”
Why Monthly Attestations Matter
Proof of Reserves reporting has become a standard expectation for centralized exchanges since the industry’s high-profile collapses underscored the risks of opaque balance sheets. Monthly snapshots, particularly when audited by third parties, give users a recurring checkpoint rather than a one-time assurance. MEXC’s decision to publish on a monthly schedule — and to disclose ratios for BTC, USDT, USDC, and ETH individually — reflects that expectation. The full September 2026 snapshot and audit report are available on the MEXC Proof of Reserves page.
Founded in 2018, MEXC serves users across more than 170 markets, offering access to crypto, stocks, tokenized assets, derivatives, and TradFi-linked products through a single account. The company notes that this content does not constitute investment advice and that investors should assess market conditions and potential financial risks before making trading decisions.
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