APIA, Samoa, April 2, 2026 /PRNewswire/ — Phemex, a user-first crypto exchange, released its April 2026 Proof of Reserves (PoR), confirming full backing of user balances and a total reserve ratio of 131% across major assets.

The report shows overcollateralized reserves for key cryptocurrencies: BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. Every reported asset exceeds a 100% reserve ratio, indicating user liabilities are fully covered and assets remain accessible.

Phemex’s PoR employs a Merkle tree–based verification model, allowing users to independently confirm their balances are included in the platform’s total liabilities while preserving privacy and data integrity through cryptographic proofs.

Federico Variola, CEO of Phemex, said: “Being user-first, in practice, means giving users clear visibility into how their assets are held and managed. Publishing Proof of Reserves on a consistent basis is part of that approach, ensuring transparency is built into the system rather than treated as a one-time check. It’s about creating a platform where users can operate with confidence, knowing the fundamentals are in place.”

By publishing PoR monthly, Phemex provides verifiable insight into platform solvency and reserve backing, supporting accountability and measurable transparency across the digital asset ecosystem. The company continues to invest in infrastructure, system stability, and user experience to ensure traders can manage assets, execute trades, and access funds without friction.

About Phemex
Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products focused on user experience, transparency, and innovation.

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

APIA, Samoa, April 2, 2026 /PRNewswire/ — Phemex, a user-first crypto exchange, released its April 2026 Proof of Reserves (PoR), confirming all user balances are fully backed with a total reserve ratio of 131% across major assets.

The April PoR shows overcollateralized reserves for key cryptocurrencies: BTC 133.11%, ETH 141.61%, USDT 103.61%, and SOL 155.62%. Every reported asset exceeds a 100% reserve ratio, indicating user liabilities are fully covered and funds remain accessible.

Phemex’s PoR uses a Merkle tree verification model, allowing users to independently verify their inclusion in the platform’s liabilities while preserving privacy and data integrity. This cryptographic method provides transparent verification without exposing individual account data.

Federico Variola, CEO of Phemex, said: “Being user-first, in practice, means giving users clear visibility into how their assets are held and managed. Publishing Proof of Reserves on a consistent basis is part of that approach, ensuring transparency is built into the system rather than treated as a one-time check. It’s about creating a platform where users can operate with confidence, knowing the fundamentals are in place.”

By publishing PoR monthly, Phemex offers a verifiable view of platform solvency and reserve backing, supporting accountability and measurable transparency. The exchange continues investing in infrastructure, stability, and user experience to ensure traders can manage assets, execute trades, and access funds without friction.

About Phemex
Founded in 2019, Phemex is trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products focused on user experience, transparency, and innovation.

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

APIA, Samoa, April 2, 2026 /PRNewswire/ — Phemex, a user-first crypto exchange, published its April 2026 Proof of Reserves (PoR), confirming full backing of user balances with a total reserve ratio of 131% across major assets.

The PoR shows overcollateralized reserves for key cryptocurrencies: BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. Each reported asset exceeds a 100% reserve ratio, indicating liabilities are fully covered and funds remain accessible.

Phemex’s PoR uses a Merkle tree-based verification model, allowing users to independently verify their inclusion in total liabilities while maintaining privacy and data integrity. This cryptographic method enables transparent verification without exposing individual account details.

Federico Variola, CEO of Phemex, said: “Being user-first, in practice, means giving users clear visibility into how their assets are held and managed. Publishing Proof of Reserves on a consistent basis is part of that approach, ensuring transparency is built into the system rather than treated as a one-time check. It’s about creating a platform where users can operate with confidence, knowing the fundamentals are in place.”

By releasing PoR monthly, Phemex offers a verifiable view of platform solvency and reserve backing, reinforcing accountability and measurable transparency in the digital asset ecosystem. The exchange continues to invest in infrastructure, system stability, and user experience to ensure traders can manage assets, execute trades, and access funds smoothly.

About Phemex
Founded in 2019, Phemex is a crypto exchange trusted by over 10 million traders worldwide. The platform provides 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, a user-first crypto exchange, released its April 2026 Proof of Reserves (PoR), confirming all user balances are fully backed with a total reserve ratio of 131% across major assets.

The report shows overcollateralized reserves for key cryptocurrencies: BTC 133.11%, ETH 141.61%, USDT 103.61%, and SOL 155.62%. Every reported asset exceeds a 100% reserve ratio, indicating user liabilities are covered and assets remain accessible.

Phemex’s PoR uses a Merkle tree–based verification model that lets users independently confirm their balances are included in total liabilities while preserving privacy and data integrity. This cryptographic method enables transparent verification without exposing individual account details.

Federico Variola, CEO of Phemex, said: “Being user-first, in practice, means giving users clear visibility into how their assets are held and managed. Publishing Proof of Reserves on a consistent basis is part of that approach, ensuring transparency is built into the system rather than treated as a one-time check. It’s about creating a platform where users can operate with confidence, knowing the fundamentals are in place.”

By publishing PoR monthly, Phemex offers a verifiable view into platform solvency and reserve backing, supporting accountability and measurable transparency in the digital asset ecosystem. Ongoing investments in infrastructure, system stability, and user experience aim to ensure traders can manage assets, execute trades, and access funds without friction.

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

https://phemex.com/