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Phemex Unveils April 2026 Proof of Reserves

Phemex, a user-centric cryptocurrency platform, has recently announced the publication of its Proof of Reserves (PoR) for April 2026. This report marks a significant stride towards transparency and the safety of user funds within the cryptocurrency ecosystem. With a total reserve ratio of 131%, this demonstrates Phemex's commitment to ensuring that all user balances are fully backed by sufficient assets.

Full Coverage of User Balances

According to the PoR for April 2026, Phemex maintains an over-collateralization of reserves for leading cryptocurrencies. The report highlights notable coverage ratios, including:

• - Bitcoin (BTC) at 133.11%
• - Ethereum (ETH) at 141.61%
• - Tether (USDT) at 103.61%
• - Solana (SOL) at 155.62%

These figures indicate that all reported assets exceed a 100% reserve ratio, affirming that the platform's obligations to its users are comprehensively met, ensuring that assets are readily available at all times.

A Transparent Verification Model

What sets Phemex apart is its utilization of a verification model based on a Merkle tree. This innovative method empowers users to cross-check whether their individual balances are accounted for in the platform's total obligations without compromising data integrity or privacy. Thanks to this cryptographic approach, users can verify the integrity of the published reserves confidently.

Federico Variola, CEO of Phemex, expressed, "A user-centric approach means practically providing our users with clear insights into how their assets are held and managed. Regularly publishing the Proof of Reserves (PoR) forms an integral part of this approach, embedding transparency into the system rather than treating it as a one-time check."

Commitment to Ongoing Transparency

By routinely publishing updated PoR reports, Phemex not only provides verifiable insight into its solvency but also ensures accountability and measurable transparency within the digital asset ecosystem. The latest update for April 2026 continues this practice, showcasing the platform's unwavering dedication to creating a space where users can trade with confidence, knowing that the foundations are firmly established.

Phemex's ongoing investments in infrastructure, system stability, and user experience guarantee that traders can manage their assets smoothly, execute transactions without hassle, and access their funds without barriers.

About Phemex

Founded in 2019, Phemex stands out as a cryptocurrency platform that prioritizes user-centric values, earning the trust of over ten million traders globally. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to enhance user experience, promote transparency, and drive innovation. With a forward-thinking approach and commitment to empowering users, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at all experience levels to grow and succeed.

For more insights into Phemex’s services, visit Phemex.