MEXC Global publishes proof of reserves after monthlong testing By Cointelegraph
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© Reuters. On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after 45 days of testing. In a document seen by Cointelegraph, MEXC claims its reserve ratios for (USDT), (USDC), (BTC), and Ether (ETH) were 120.70%, 240.18%, 116.50% and 110.53%, respectively, via the Merkle tree method.
As of the date of the snapshot on Feb. 10, MEXC held 232.4 million USDT, 33 million USDC, 1,869 BTC and 12,472 ETH in custodied user assets. Meanwhile, the total assets held within MEXC wallets for the four cryptocurrencies were 280.6 USDT, 79.4 million USDC, 2177.5 BTC, and 13,785.6 ETH. A spokesperson for MEXC told Cointelegraph:
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© Reuters. On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after 45 days of testing. In a document seen by Cointelegraph, MEXC claims its reserve ratios for (USDT), (USDC), (BTC), and Ether (ETH) were 120.70%, 240.18%, 116.50% and 110.53%, respectively, via the Merkle tree method.
As of the date of the snapshot on Feb. 10, MEXC held 232.4 million USDT, 33 million USDC, 1,869 BTC and 12,472 ETH in custodied user assets. Meanwhile, the total assets held within MEXC wallets for the four cryptocurrencies were 280.6 USDT, 79.4 million USDC, 2177.5 BTC, and 13,785.6 ETH. A spokesperson for MEXC told Cointelegraph:
Continue Reading on Coin Telegraph
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