In its latest transparency update released on September 15, 2026, MEXC reported a Bitcoin (BTC) reserve ratio of 297% for the month of September. This is an increase from the 288% ratio reported in August, with the exchange currently holding 12,202.13 BTC against user liabilities of 4,106.57 BTC. Other major assets also show strong backing, with Ethereum (ETH) at 111%, USDT at 119%, and USDC at 111%, ensuring that all user funds are available for withdrawal at any time.
The audit, conducted by the cybersecurity firm Hacken, utilized a snapshot taken on September 10, 2026. The verification process involved a comprehensive assessment of Proof of Liabilities and Proof of Ownership. By leveraging Merkle Tree technology, MEXC allows individual users to independently verify that their specific account balances are included in the total reserve calculations without compromising the privacy of other platform participants.
This high level of over-collateralization comes at a time when global regulators are increasingly scrutinizing centralized exchanges' custodial practices. For U.S.-based observers and international traders, these monthly Proof of Reserves (PoR) reports have become a critical benchmark for exchange reliability. CEO Vugar Usi emphasized that verifiable transparency is a fundamental responsibility in an industry where user confidence has historically been tested by opaque management.
Moving forward, investors should monitor whether these high reserve ratios remain consistent as market volatility fluctuates throughout late 2026. While the 297% BTC ratio suggests a massive capital cushion, the broader market will be watching to see if other major exchanges match these transparency standards or if regulatory bodies move to mandate standardized PoR reporting formats across the digital asset industry.