Crypto exchange MEXC on Monday published its June 2026 Proof of Reserves report, showing an average reserve ratio of 156.5% across major assets.
BTC carried the highest ratio at 269%, with 12,656 BTC in wallet assets against 4,699 BTC in user holdings. ETH came in at 118% (77,527 ETH versus 65,625 ETH), USDT at 114% (2.14 billion versus 1.88 billion), and USDC at 125% (95.4 million versus 76.1 million).
The ratios shifted modestly from May, when MEXC reported BTC at 293%, ETH at 123%, and USDT at 117%. USDC moved in the other direction, rising from 120% to 125%.
MEXC said it uses Merkle Tree cryptographic verification so users can check that their individual balances are included in reserves without exposing other accounts’ data. Blockchain security firm Hacken conducts independent monthly audits of the exchange’s PoR snapshots.
The June disclosure follows other steps by MEXC to strengthen its balance sheet. In May, the exchange said it would expand its Guardian Fund from $100 million to $500 million over two years and acquire 1,000 BTC for treasury reserves.
