APIA, Samoa, April 2, 2026 /PRNewswire/ — Phemex, a user-first crypto change, introduced the discharge of its April 2026 Proof of Reserves (PoR), reinforcing its dedication to transparency, asset backing, and consumer fund safety. The newest report confirms that every one consumer balances are absolutely backed, with a complete reserve ratio of 131% throughout main property.
In accordance with 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 property exceed a 100% reserve ratio, indicating that consumer liabilities are absolutely lined and property stay accessible always.
Phemex’s Proof of Reserves makes use of a Merkle tree-based verification mannequin, enabling customers to independently verify that their balances are included within the platform’s whole liabilities whereas preserving information integrity and privateness. This cryptographic method permits for clear verification with out exposing particular person account information.
Federico Variola, CEO of Phemex, commented: “Being user-first, in observe, means giving customers clear visibility into how their property are held and managed. Publishing Proof of Reserves on a constant foundation is a part of that method, making certain transparency is constructed into the system reasonably than handled as a one-time test. It’s about making a platform the place customers can function with confidence, realizing 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 higher accountability and measurable transparency within the digital asset ecosystem. Ongoing investments in infrastructure, system stability, and consumer expertise purpose to make sure that merchants can handle property, execute trades, and entry funds with out friction.
About Phemex
Based in 2019, Phemex is a user-first crypto change 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 consumer expertise, transparency, and innovation. With a forward-thinking method and a dedication to consumer 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/
