/PRNewswire/ — Phemex, a user-centric cryptocurrency exchange, announced the release of its April 2026 Proof of Reserves (PoR), reinforcing its commitment to transparency, asset collateral, and the safety of user funds. The latest report confirms that all user balances are fully collateralized, with a total reserve ratio of 131% on major assets.
Phemex Publishes April 2026 Proof of Reserves, Reporting 131% Total Reserve Ratio
According to the April 2026 Proof of Reserves, Phemex maintains overcollateralized reserves in major cryptocurrencies, including BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. All declared assets exceed a reserve ratio of 100%, which indicates that users’ liabilities are fully covered and that assets remain accessible at all times.
Phemex’s Proof of Reserves system uses a Merkle tree-based verification model, which allows users to independently confirm that their balances are included in the platform’s total liabilities, while preserving data integrity and privacy. This cryptographic approach allows for transparent verification without exposing individual account data.
Federico Variola, CEO of Phemex, commented: “Being user-focused, in practice, means giving users clear visibility into how their assets are held and managed. Systematic publication of evidence of reserves is part of this approach, ensuring that transparency is an integral part of the system rather than considered a one-off check. It’s about creating a platform where users can trade with confidence, knowing that the fundamental principles have been respected.”
By publishing Proof of Reserves monthly, Phemex offers a verifiable view of the platform’s solvency and supporting reserves. The April 2026 update continues this practice, promoting greater accountability and measurable transparency in the digital asset ecosystem. Continuous investments in infrastructure, system stability and user experience aim to ensure that traders can manage assets, execute trades and access funds smoothly.
About Phemex
Founded in 2019, Phemex is a user-centric cryptocurrency exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading and asset management products designed to prioritize user experience, transparency and innovation. With a forward-thinking approach and a commitment to greater user autonomy and control, Phemex offers trusted tools, inclusive access and evolving opportunities for traders of all levels to grow and succeed.
For more information visit https://phemex.com/
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