APIA, Samoa, April 2, 2026 /PRNewswire/ — Phemex, a user-first crypto trade, introduced the discharge of its April 2026 Proof of Reserves (PoR), reinforcing its dedication to transparency, asset backing, and person fund safety. The most recent report confirms that every one person balances are absolutely backed, with a complete reserve ratio of 131% throughout main belongings.
Based on the April 2026 Proof of Reserves, Phemex maintains overcollateralized reserves throughout key cryptocurrencies, together with BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. All reported belongings exceed a 100% reserve ratio, indicating that person liabilities are absolutely coated and belongings stay accessible always.
Phemex’s Proof of Reserves makes use of a Merkle tree-based verification mannequin, enabling customers to independently affirm that their balances are included within the platform’s complete liabilities whereas preserving knowledge integrity and privateness. This cryptographic strategy permits for clear verification with out exposing particular person account knowledge.
Federico Variola, CEO of Phemex, commented: “Being user-first, in observe, means giving customers clear visibility into how their belongings are held and managed. Publishing Proof of Reserves on a constant foundation is a part of that strategy, making certain transparency is constructed into the system fairly than handled as a one-time examine. It’s about making a platform the place customers can function with confidence, figuring out the basics are in place.”
By releasing Proof of Reserves on a recurring month-to-month foundation, Phemex offers a verifiable view into platform solvency and reserve backing. The April 2026 replace continues this observe, supporting better accountability and measurable transparency within the digital asset ecosystem. Ongoing investments in infrastructure, system stability, and person expertise goal to make sure that merchants can handle belongings, execute trades, and entry funds with out friction.
About Phemex
Based in 2019, Phemex is a user-first crypto trade trusted by over 10 million merchants worldwide. The platform provides spot and derivatives buying and selling, copy buying and selling, and wealth administration merchandise designed to prioritize person expertise, transparency, and innovation. With a forward-thinking strategy and a dedication to person empowerment, Phemex delivers dependable instruments, inclusive entry, and evolving alternatives for merchants at each degree to develop and succeed.
For extra data, please go to: https://phemex.com/
