MEXC Releases October 2026 Proof of Reserves with 294% BTC Coverage
MEXC's latest Proof of Reserves report, audited by Hacken, shows strong asset coverage across major cryptocurrencies.
MEXC's latest Proof of Reserves report, audited by Hacken, shows strong asset coverage across major cryptocurrencies. Bitcoin (BTC) is trading at $82,564.00, up 0.5% since this brief published. This is an original TLT brief synthesising 2 outlets (NewsBTC, Finbold), plus live market data, as of Fri, 16 Oct 2026 12:00:04 UTC.
The release reinforces transparency standards in the crypto exchange industry and provides users with verifiable assurance of asset security. The high reserve ratios, especially for BTC, demonstrate robust financial stability.
- MEXC's BTC reserve ratio stands at 294%, exceeding USDT, USDC, and ETH coverage.
- The report was independently audited by cybersecurity firm Hacken.
- Users can verify their account holdings using Merkle Tree technology.
- Reserve ratios exceed 100% for all major assets, with BTC at the highest margin.
NewsBTC and Finbold both report that MEXC has released its October 2026 Proof of Reserves report, audited by Hacken, showing reserve ratios of 294% for BTC, 122% for USDT, 115% for USDC, and 111% for ETH. Both outlets highlight the use of Merkle Tree technology for user verification and emphasize the importance of transparency. However, NewsBTC provides more detailed background on MEXC's commitment to user trust and the specifics of their PoR framework, while Finbold's coverage is more concise.
MEXC, a leading cryptocurrency exchange known for its zero-fee trading model, has published its October 2026 Proof of Reserves (PoR) report. The report, independently audited by cybersecurity firm Hacken, confirms that the platform's reserves fully cover user holdings across major cryptocurrencies.
The audit reveals impressive reserve ratios: 294% for 
Bitcoin (BTC), 122% for 
Tether (USDT), 115% for USD Coin (USDC), and 111% for 
Ethereum (ETH). These figures indicate that MEXC holds significantly more assets than the total user deposits for each cryptocurrency, with BTC showing the most substantial coverage.
MEXC's PoR framework incorporates user-level verification, on-chain transparency, and third-party audits. Using Merkle Tree technology, users can independently verify that their account holdings are accurately reflected in the report. This approach aligns with industry best practices for transparency and user trust.
The report's findings come at a time when the total crypto market cap stands at $2.84 trillion, with Bitcoin trading at $82,194, up 1.74% in the last 24 hours. Ethereum has seen a more significant increase of 4.51% over the same period, currently priced at $2,464.89. Tether's stablecoin USDT remains stable at $0.99926.
The release of this PoR report reinforces MEXC's commitment to transparency and user trust. As the crypto market continues to evolve, such measures are crucial for maintaining confidence among users and stakeholders. Investors and users should monitor future PoR reports to ensure ongoing compliance and transparency.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $82,194.00 to $82,564.00 — +0.45%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, $244.35K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 16 11:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦112.65M (about $82,564.00), up 2.1% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
MEXC Releases October 2026 Proof of Reserves with 294% BTC C — questions & answers
What are MEXC's reserve ratios for major cryptocurrencies?
BTC: 294%, USDT: 122%, USDC: 115%, ETH: 111%.
How can users verify their account holdings?
Users can use Merkle Tree technology to independently verify their account holdings.
Who audited MEXC's Proof of Reserves report?
The report was audited by cybersecurity firm Hacken.
How much is 1 Bitcoin worth in naira today?
About ₦112.65M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $82,564.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.45% since this brief first published — trading at $82,564.00 now versus $82,194.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from NewsBTC, Finbold, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.