MEXC reserves stay fully backed with BTC at 141% and ETH at 107%

MEXC’s December Proof of Reserve shows 100%+ backing on BTC, USDT, USDC and ETH, with Hacken auditing the exchange’s Merkle Tree-based verification system.

Digital asset exchange MEXC released its December Proof of Reserve (PoR) report, confirming that all audited assets maintained above 100% reserve coverage, according to a statement from the company.

Reserve ratios for December reached 141% for Bitcoin (BTC), 126% for Tether (USDT), 127% for USD Coin (USDC), and 107% for Ethereum, the report stated.

MEXC reserves

The exchange holds 5,401.59 Bitcoin, 2.32 billion Tether (USDT), 126.5 million USD Coin (USDC), and 57,457.10 Ethereum in reserves, according to the disclosure.

MEXC launched its Proof of Reserve system in February 2023, utilizing a Merkle Tree structure that allows users to independently verify their balances while protecting account privacy, the company said.

The exchange has expanded its cooperation with Hacken, an independent blockchain security and compliance firm, which now conducts and independently publishes monthly PoR audits, according to the statement.

“Ensuring full reserves and maintaining transparency are core commitments at MEXC,” said Vugar Usi Zade, Chief Operating Officer of MEXC. “Through monthly independent Proof of Reserve audits conducted in partnership with Hacken, users can confidently verify that their assets remain fully supported.”

The December 2025 Proof of Reserve report, including the independent audit by Hacken, is available on MEXC’s Proof of Reserves page, the company announced.

Founded in 2018, MEXC serves over 40 million users across more than 170 countries, according to company data. The platform offers access to digital assets with a focus on low trading fees and a selection of cryptocurrency tokens.