Phemex has published its April 2026 Proof of Reserves (PoR), confirming the exchange holds total reserves equal to 131% of reported user liabilities across major assets. The monthly report shows overcollateralization for key cryptocurrencies: BTC 133.11%, ETH 141.61%, USDT 103.61%, and SOL 155.62%, with every disclosed asset exceeding a 100% reserve ratio and ensuring user balances are fully backed and accessible.

The PoR is built on a Merkle tree verification model, enabling users to independently verify their inclusion in the platform’s liability dataset while preserving privacy and maintaining data integrity. This cryptographic approach delivers transparent, verifiable proof of coverage without revealing individual account details.

Federico Variola, CEO of Phemex, said being ‘user-first’ requires consistent transparency and clear visibility into how assets are held and managed. Publishing Proof of Reserves on a regular basis is part of that commitment, providing users with measurable assurances about platform solvency rather than a one-time check.

By issuing PoR monthly, Phemex offers a verifiable snapshot of reserve backing and platform solvency to support accountability. The exchange continues to invest in infrastructure, stability, and the user experience so traders can manage assets, execute trades, and access funds without friction.

About Phemex
Founded in 2019, Phemex serves over 10 million traders worldwide and provides spot and derivatives trading, copy trading, and wealth management products focused on user experience, transparency, and innovation.

For more information, visit: https://phemex.com/

Phemex has published its April 2026 Proof of Reserves (PoR), reporting a total reserve ratio of 131% and confirming that user balances are fully backed across major assets.

The report shows overcollateralization for key cryptocurrencies: BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. Each listed asset exceeds a 100% reserve ratio, indicating liabilities are covered and funds remain accessible to users.

Phemex’s PoR employs a Merkle tree–based verification model that lets users independently confirm their inclusion in the exchange’s liabilities while preserving account privacy and data integrity. This cryptographic approach enables transparent, verifiable audits without exposing individual account details.

Federico Variola, Phemex CEO, said the company’s user-first approach means giving traders clear visibility into how assets are held and managed. Publishing PoR on a regular basis, he noted, embeds transparency into operations rather than treating it as a one-time check, and helps users trade and manage funds with greater confidence.

By releasing PoR monthly, Phemex aims to provide a verifiable view of platform solvency and reinforce accountability within the digital asset ecosystem. The exchange says it continues to invest in infrastructure, system stability, and user experience so traders can execute trades, manage assets, and access funds smoothly.

About Phemex
Founded in 2019, Phemex is a crypto exchange used by more than 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products, with a focus on user experience, transparency, and innovation.

For more information, visit: https://phemex.com/

APIA, Samoa — April 2, 2026 — Phemex published its April 2026 Proof of Reserves (PoR), confirming that user balances are fully backed with a total reserve ratio of 131% across major assets.

The disclosure shows overcollateralization for several leading cryptocurrencies: BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. Each listed asset exceeds a 100% reserve ratio, indicating liabilities to users are covered and funds remain available.

Phemex continues to use a Merkle tree–based verification framework that enables users to independently verify their inclusion in the platform’s liabilities while protecting individual account privacy. This cryptographic approach allows transparent verification of reserves without revealing personal account details.

Federico Variola, Phemex CEO, said that consistent transparency is part of the companys user-first approach, adding that regular PoR publication gives traders clearer visibility into how assets are held and managed and helps build confidence in the platform’s financial fundamentals.

By releasing Proof of Reserves each month, Phemex provides a verifiable snapshot of platform solvency and reserve backing, reinforcing accountability in the digital asset ecosystem. The exchange says it continues to invest in infrastructure, system stability, and user experience to ensure traders can manage assets, execute trades, and withdraw funds smoothly.

About Phemex
Founded in 2019, Phemex is a user-focused crypto exchange serving over 10 million traders globally. The platform offers spot and derivatives trading, copy trading, and wealth management products with an emphasis on user experience, transparency, and innovation.

https://phemex.com/