Phemex April 2026 Proof of Reserves: 131% Backing

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/