MEXC reports 281% BTC reserve ratio in July 2026 Proof of Reserves update
MEXC published its July 2026 Proof of Reserves report on 2026年7月20日, showing its Bitcoin (BTC) reserve ratio rose to 281%. The figure reflects an on-chain verifiable coverage metric disclosed by the exchange, comparing users’ custodial BTC balances with actual reserves held in hot and cold wallets. A 281% ratio means every 1 unit of user BTC deposits is backed by 2.81 units of on-chain reserves, well above a 100% full-reserve threshold. The disclosure is intended to strengthen confidence in the platform’s asset safety and redemption capacity as part of a transparency practice common among major exchanges.