Phemex Releases April 2026 Proof of Reserves with 131% Total Reserve Ratio

Phemex, a crypto exchange prioritizing user interests, unveiled its April 2026 Proof of Reserves, confirming a total reserve ratio of 131%. The report assures that user balances are fully backed across major assets. Specific reserves include BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%, each surpassing the 100% mark.

Phemex employs a Merkle tree-based system for verifying reserves, safeguarding data integrity and privacy. This allows users to verify balance inclusion in total liabilities transparently. Federico Variola, CEO of Phemex, emphasized the importance of consistent transparency in asset management, fostering user confidence.

The monthly release of Proof of Reserves supports platform solvency and accountability. This initiative is part of Phemex's ongoing effort to enhance infrastructure and user experience, ensuring frictionless asset management and trading.