MEXC reserves released on 3 November 2025 show USDT, USDC, Bitcoin and Ethereum holdings above 100%, aiming to counter insolvency rumors and reassure users.
What does the MEXC proof of reserves show?
The exchange published an updated proof of reserves snapshot taken on 2 November 2025 at 00:00 UTC+8 that lists on-chain balances and user liabilities. It reports USDT reserves at 119% — $2.12 billion in reserves versus $1.78 billion in user assets — and USDC at 110% with $81.27 million versus $74.08 million in liabilities.
For Bitcoin, MEXC lists 4,554.12 BTC in reserve against 3,632.85 BTC in user holdings (125%), while Ethereum reserves are 57,909.36 ETH versus 54,693.34 ETH (106%). The update is presented as evidence of excess backing for user funds and to reduce market uncertainty.
Financial Status Updated
A snapshot of MEXC’s reserve funds taken on November 2nd 2025 at 00:00 UTC+8 is now publicly available on our PoR webpage.
https://t.co/sym5Ld9q0D
If anything looks unclear, our support team is here to help. https://t.co/ILMADdqK6Q pic.twitter.com/Bl9q4bm9iY
— MEXC (@MEXC_Official) November 2, 2025
https://t.co/sym5Ld9q0DHow does the MEXC liquidity status update address insolvency rumours?
MEXC said the disclosure aims to rebut recent online allegations of freezes and extreme staking yields. The company reiterated that user assets are fully collateralized and that normal withdrawal processes remain in place.
Arkham Intelligence data referenced in industry reports shows MEXC holds about $4.56 billion in crypto assets, with USDT/AUSDT worth $2.58 billion, Bitcoin at roughly $388 million and Ethereum at $204 million. Arkham also indicates a $500 million position managed on AAVE V3, underscoring MEXC’s DeFi exposure and liquidity arrangements.
What are the MEXC USDT reserve ratio and MEXC Bitcoin reserve holdings?
The company’s published ratios — 119% for USDT and 125% for Bitcoin coverage — are presented to signal full backing plus surplus for major assets. MEXC also notes a $100 million Guardian Fund established in 2022 as an additional safeguard for users.
Can users verify MEXC Merkle tree verification and the MEXC Guardian Fund address?
The proof package includes Merkle-tree files and public wallet addresses so users and third parties can validate inclusion proofs.
Merkle proof verification
Users can recompute the Merkle root from disclosed account leaves and match it with the published root to confirm balances. Verification tools or independent auditors can perform this check to validate inclusion proofs.
Guardian Fund address
The Guardian Fund wallet is public and separate from trading pools; on-chain balances there are included in the published totals. MEXC intends the fund to act as an emergency buffer, reinforcing the published coverage figures.
Tip: Compare the published Merkle root and the snapshot timestamp before trusting individual leaf proofs.
Independent analysts note that Merkle proofs improve transparency but are most effective when paired with frequent reconciliations or third-party attestations. MEXC said, “user assets are fully collateralized,” and industry commentator Ran Neuner added, “transparency is key to restoring confidence”.
What should users take away from the update?
In brief: on 3 November 2025 MEXC’s disclosure claims USDT, USDC, Bitcoin and Ethereum holdings above 100% and provides files for independent verification. Continued external audits and transparent updates will determine whether the move restores market confidence.