MEXC Proof of Reserves Shatters Expectations with Staggering 295% Bitcoin Ratio

MEXC’s April Proof of Reserves, verified by auditor Hacken, shows an outsized Bitcoin reserve ratio of 295% (up from 270% in March). The audit indicates MEXC holds $2.95 of BTC for every $1.00 of customer BTC deposits, with Ethereum at 116% and stablecoins (USDT, USDC) above 110%. The report—published April 30, 2025 and to be issued monthly—bolsters user trust, reduces counterparty risk concerns, and may attract risk-sensitive institutional capital. By setting a high transparency benchmark, MEXC’s disclosure could pressure other exchanges to publish similar third‑party verifications and influence regulatory scrutiny toward standardized proof‑of‑reserves practices.