Phemex Releases April 2026 Proof of Reserves Report, Total Reserve Ratio Reaches 131%
Apia, Samoa, (ANTARA/PRNewswire) - Phemex, a user-centric cryptocurrency exchange, has announced its Proof of Reserves (PoR) report for the April 2026 period. This step reaffirms Phemex’s commitment to transparency, asset backing, and user fund security. Through the latest report, Phemex proves that all user balances are fully backed with a total reserve ratio of 131% for major assets.
According to the report, Phemex maintains overcollateralised reserves exceeding liabilities for several major cryptocurrencies, including BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. All assets reported by Phemex have reserve ratios above 100%, proving that Phemex’s obligations to users are fully secured and assets are always accessible at any time.
Phemex’s Proof of Reserves report employs a Merkle tree-based verification model. Thus, users can independently verify that their balances are recorded in the platform’s total liabilities. This also maintains data integrity and privacy. This cryptographic approach provides transparency without revealing individual account data.
Federico Variola, CEO of Phemex, said: “By prioritising users, we provide clear visibility into the methods of storing and managing their assets. The regular publication of Proof of Reserves reports is part of this approach, making transparency a systemic feature rather than just an occasional check. We aim to build a platform that gives users certainty because its foundation is strong.”
By issuing Proof of Reserves reports routinely every month, Phemex provides a verifiable overview of the platform’s solvency and asset reserves. This April 2026 edition continues that practice, while strengthening measurable accountability and transparency in the digital asset ecosystem. Phemex also pursues ongoing investments in infrastructure, system stability, and user experience to ensure traders can manage assets, conduct transactions, and access funds smoothly.
About Phemex
Founded in 2019, Phemex is the most user-centric cryptocurrency exchange. Phemex has earned the trust of more than 10 million traders worldwide. The platform offers a variety of services and solutions, such as Spot Trading and Futures Trading, copy trading, and wealth management products that prioritise users, transparency, and innovation. With a visionary approach and commitment to empowering users, Phemex provides reliable tools, inclusive access, and exciting opportunities so that every trader can grow and achieve success.
For more information: https://phemex.com/