Phemex Published October Proof-of-Reserves Report
The exchange reported an average reserve ratio of 131.36% across all assets.
Updated on Oct. 5, 2026 in Investing
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Phemex released its October 2026 proof-of-reserves report, disclosing that its holdings currently exceed customer liabilities. The exchange maintains an average reserve ratio of 131.36% to ensure transparency for its 10 million global users.
Why it matters
Regular proof-of-reserves reports provide visibility into the relationship between user liabilities and assets held by the platform. This process allows for increased accountability regarding the solvency of digital asset exchanges.
The report highlights specific reserve ratios, including 103.13% for Bitcoin, 123.79% for Ethereum, and 100.60% for USD-denominated assets. Other assets showed ratios of 141.42% for Solana, 143.43% for Avalanche, 123.86% for TRON, 157.03% for XRP, and 157.58% for SUI.
The players
Phemex
Phemex is a digital asset exchange that serves a global user base of 10 million traders.
The details
Phemex employs a Merkle tree-based verification framework to structure these disclosures. This technical approach allows individual users to independently confirm that their specific account balances are included within the exchange's reported total liabilities.
Timeline
Phemex published the proof-of-reserves report on October 5, 2026.
Market Dynamics
This disclosure follows the broader industry move toward increased transparency through verifiable proof-of-reserves frameworks. Such measures are increasingly used to distinguish compliant platforms from competitors in a maturing digital asset market.
Users can leverage the provided Merkle tree framework to independently verify the inclusion of their personal balances in the exchange's liability reports. This transparency allows investors to better assess the security of their holdings on the platform.
The takeaway
Maintaining reserve ratios above 100% serves as a primary indicator of an exchange's ability to cover user withdrawals. Investors should utilize these verification tools regularly to stay informed about the collateralization status of their personal portfolios.
Further reading
For more information on market verification standards, visit the Investing section.
More information
Review the full verification documentation at the Phemex platform website.
Source note: This article includes information reported by The Manila times.
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