MEXC Publishes 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, reinforcing transparency and user trust.
MEXC's latest Proof of Reserves report, audited by Hacken, shows strong asset coverage across major cryptocurrencies, reinforcing transparency and user trust. Bitcoin (BTC) is trading at R$4.053.921 ($81,930.00), down 0.4% since this brief published. This is an original Kriptometre brief synthesising 3 outlets (NewsBTC, The Crypto Basic, Finbold), plus live market data, as of Fri, 16 Oct 2026 14:07:01 UTC.
The release of detailed Proof of Reserves data, verified by an independent auditor, demonstrates MEXC's commitment to transparency and helps build user confidence in the platform's financial stability. This is particularly relevant in the current market environment where trust in crypto exchanges remains a critical factor for users.
- MEXC's BTC reserve ratio stands at 294%, exceeding other major cryptocurrencies.
- USDT, USDC, and ETH reserve ratios are 122%, 115%, and 111% respectively.
- The report was independently audited by cybersecurity firm Hacken.
- MEXC uses Merkle Tree technology for user-level verification of reserves.
Multiple outlets (NewsBTC, Finbold, The Crypto Basic) confirm that MEXC has released its October 2026 Proof of Reserves report, showing reserve ratios of 294% for BTC, 122% for USDT, 115% for USDC, and 111% for ETH. All outlets agree that the report was audited by Hacken and that MEXC uses Merkle Tree technology for user verification. However, while NewsBTC and Finbold emphasize the transparency and user trust aspects, The Crypto Basic focuses on the broader market context of the announcement alongside other crypto developments.
MEXC, a leading digital asset trading platform known for its zero-fee policy, 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 all major cryptocurrencies.
The audit reveals that MEXC's reserve ratios are particularly strong for 
Bitcoin (BTC), with a coverage ratio of 294%. This is significantly higher than the coverage ratios for other major cryptocurrencies, including 
Tether (USDT) at 122%, USD Coin (USDC) at 115%, and 
Ethereum (ETH) at 111%. All four reserve ratios exceed the 100% benchmark, indicating that MEXC holds more assets than necessary to cover user deposits.
The report's findings are corroborated by multiple outlets, including NewsBTC, Finbold, and The Crypto Basic. These outlets highlight the use of Merkle Tree technology, which allows users to independently verify that their account balances are included in the audited reserve data. This level of transparency is designed to build trust and confidence among MEXC's user base.
In addition to the PoR report, MEXC's commitment to transparency is further evidenced by its monthly publication of reserve data. This practice, which is becoming increasingly common among major crypto exchanges, aims to address concerns about the solvency and financial stability of trading platforms in the wake of past industry scandals.
The broader market context is also noteworthy. According to BeInCrypto, September 2026 was a challenging month for the crypto industry, with a Federal Reserve rate hike, a failed Senate vote on the CLARITY Act, and a record number of hacks. Despite these challenges, Bitcoin's price increased by more than 6% during the month, indicating resilience in the market.
Since this brief published about 4 hours ago, Bitcoin (BTC) has moved from R$4.069.408,64$82,243.00 to R$4.053.921,31$81,930.00 — -0.38%.
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 Kriptometre's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Yatırım tavsiyesi değildir.
Will Bitcoin reach $87,500 in October?
Crowd-implied probability on Polymarket, 5.48M ₺ 24h volume, resolves 1 Kas — snapshotted when this brief published (16 Eki 12:23 UTC). A market price reflects what traders collectively expect; it is not a forecast by Kriptometre and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ 4.21M ₺ (about $81,930.00), up 1.7% over 24 hours. The real itself trades about 3.8% above the official rate on the P2P market, so a Turkish 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 · 16 Ekim 2026.
Kriptometre 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 Publishes October 2026 Proof of Reserves with 294% BTC — questions & answers
What is MEXC's BTC reserve ratio?
MEXC's BTC reserve ratio is 294%, according to the October 2026 Proof of Reserves report.
Who audited MEXC's Proof of Reserves report?
The report was independently audited by cybersecurity firm Hacken.
How can users verify their account balances in the report?
Users can use Merkle Tree technology to independently verify that their account balances are included in the audited reserve data.
How much is 1 Bitcoin worth in real today?
About 4.21M ₺ at the live peer-to-peer (P2P) USDT rate, which is what Turkishs typically trade at — equivalent to roughly $81,930.00. The real price moves with both BTC's US-dollar price and the USDT/BRL rate; use our Bitcoin in real page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.38% since this brief first published — trading at R$4.053.921 ($81,930.00) now versus R$4.069.409 ($82,243.00) at publication. Kriptometre re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Kriptometre brief that synthesises reporting from NewsBTC, The Crypto Basic, 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 Kriptometre 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.