APIA, Samoa — April 2, 2026 — Phemex has published its April 2026 Proof of Reserves (PoR), confirming the exchange’s reserves fully cover user liabilities with a total reserve ratio of 131% across major assets. The report details overcollateralization for principal tokens: Bitcoin (BTC) at 133.11%, Ether (ETH) at 141.61%, Tether (USDT) at 103.61%, and Solana (SOL) at 155.62%. Every asset listed exceeds 100%, indicating that user balances are fully backed and funds remain accessible.
Phemex’s PoR uses a Merkle tree–based verification method that allows individual users to cryptographically verify their balances are included in the platform’s total liabilities while preserving privacy. This approach provides provable integrity of the reserve snapshot without exposing sensitive account data.
Federico Variola, Phemex CEO, emphasized the company’s steady commitment to transparency and user assurance, stating that routinely publishing PoR is part of making asset custody and platform solvency visible to users rather than treating transparency as an occasional exercise.
By issuing monthly PoR reports, Phemex aims to give verifiable insight into solvency and reserve coverage, supporting accountability in the digital asset ecosystem. The exchange continues investing in infrastructure, system stability, and user experience so traders can manage assets, execute trades, and access funds with minimal friction.
About Phemex
Founded in 2019, Phemex is a user-focused crypto exchange serving more than 10 million traders worldwide. The platform provides spot and derivatives trading, copy trading, and wealth-management products, with an emphasis on transparency, performance, and ease of use.
For more information, visit: https://phemex.com/