#Cryptocurrency #USA #Proof of Reserves #Phemex #Samoa

Phemex Unveils April 2026 Proof of Reserves

In a significant move emphasizing its commitment to transparency and user security, Phemex, a user-first cryptocurrency exchange, has released its Proof of Reserves (PoR) report for April 2026. This announcement was made on April 2, 2026, and illustrates a robust total reserve coverage ratio of 131% across major cryptocurrencies. With this report, Phemex reaffirms its dedication to ensuring that users' funds are not only secure but also fully backed by available reserves.

Strong Asset Coverage Ratios

According to the findings presented in the April 2026 PoR, Phemex has demonstrated strong over-collateralization ratios for its key cryptocurrencies. Bitcoin (BTC) shows a coverage of 133.11%, Ethereum (ETH) at 141.61%, Tether (USDT) stands at 103.61%, and Solana (SOL) exhibits an impressive 155.62%. These figures indicate that all reported user assets exceed a reserve ratio of 100%, underscoring the platform's commitment to ensuring that customer liabilities are fully covered, allowing easy access to their assets whenever required.

Innovating with Transparency

The PoR by Phemex employs a verification model based on Merkle trees, enabling users to verify independently that their balances are included within the platform's total liabilities. This innovative approach ensures data integrity and user privacy, allowing for a transparent verification process without revealing individual account details.

CEO Federico Variola emphasized the importance of user orientation, stating, "In practice, user orientation means providing users with clear insights into how their assets are held and managed. The regular release of the Proof of Reserves is part of this approach, ensuring transparency is integrated into the system rather than treated as a one-time verification. It’s about creating a platform where users can act with confidence, knowing that the fundamentals are sound."

By consistently providing monthly updates on its Proof of Reserves, Phemex offers verifiable insights into the platform’s solvency and reserve coverage. The April 2026 update continues this practice, fostering accountability and measurable transparency within the ecosystem of digital assets. The commitment to user assurance is reflected in the ongoing investments in infrastructure, system stability, and user experience, all aimed at allowing traders to manage assets, execute trades, and access funds seamlessly.

About Phemex

Founded in 2019, Phemex has quickly become a trusted cryptocurrency exchange for over 10 million traders worldwide. The platform offers a range of services, including spot and derivatives trading, copy trading, and asset management products, with an emphasis on user experience, transparency, and innovation at the forefront of its development. With a forward-looking approach designed to empower users, Phemex provides reliable tools, broad access, and evolving opportunities for traders of all experience levels to grow and succeed. For more information, visit phemex.com.


For the full release, media can access the original publication here.