MEXC has published its May 2026 Proof of Reserves report, saying the snapshot was independently audited by blockchain security firm Hacken. The exchange reported reserve ratios above the common 1:1 benchmark for major assets, including 293% for BTC, 123% for ETH, 117% for USDT, and 120% for USDC. According to the company, those holdings fully cover user assets.
May snapshot shows coverage above 1:1 for major assets
The report centers on four widely watched assets. Bitcoin posted the highest reserve ratio at 293%, while Ethereum, Tether, and USD Coin came in at 123%, 117%, and 120%, respectively. MEXC said the figures show reserves exceeding liabilities tied to customer holdings. The numbers are based on the platform’s May reserve snapshot.
Hacken reviewed the Merkle Tree structure, wallet ownership, and reserve adequacy as part of the audit process. MEXC said it publishes a verifiable proof of reserves every month and presents that routine disclosure as part of its transparency framework. The message is plain: publish regularly, and make the data checkable.
Audit covered Merkle Tree construction and wallet ownership
The exchange’s disclosure indicates that the review went beyond listing balances alone. Hacken validated how the Merkle Tree was constructed, examined ownership of the wallets tied to the reserves, and checked whether reserves were sufficient. MEXC framed the report as one layer in its broader effort to protect customer assets through public, verifiable disclosures.
The company also said user protection has remained central to its operations since launch, and that recurring proof-of-reserves reports reflect that approach. Alongside the monthly disclosures, MEXC pointed to its Guardian Fund initiative as another part of its asset protection setup.
Guardian Fund targeted to reach $500 million in two years
Under the plan described in the announcement, the Guardian Fund is expected to expand from $100 million to $500 million over the next two years. The initiative also includes the purchase of 1,000 BTC, creating a dual-reserve structure made up of liquid USDT reserves and long-term Bitcoin holdings. MEXC said that model is intended to strengthen liquidity readiness and structural resilience across different market conditions.
In its company profile, MEXC said it serves users in more than 170 markets, has over 40 million users, and offers 0-fee trading alongside access to more than 3,000 digital assets. Those statements came from the company’s own materials. The original release also included a risk disclaimer stating that the content does not constitute investment advice.