APIA, Samoa, April 2, 2026 /PRNewswire/— phemexa user-first crypto exchange, announced the launch of its April 2026 Proof of Reserves (PoR)reinforcing its commitment to transparency, asset support and the security of user funds. The latest report confirms that all user balances are fully backed, with a total reserve ratio of 131% across major assets.
According to the April 2026 Proof of Reserves, Phemex maintains overcollateralized reserves in key cryptocurrencies, including BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. All reported assets exceed a 100% reserve ratio, indicating that users’ liabilities are fully covered and assets remain accessible at all times.
Phemex Proof of Reserves uses a Merkle tree-based verification model, allowing users to independently confirm that their balances are included in the platform’s total liabilities, while preserving data integrity and privacy. This cryptographic approach allows for transparent verification without exposing individual account data.
Federico VariolaCEO of Phemex, commented: “Being user first, in practice, means giving them clear visibility into how their assets are maintained and managed. Publishing proof of reserves consistently is part of that approach, ensuring that transparency is built into the system rather than being treated as a one-off verification. It’s about creating a platform where users can trade with confidence, knowing that the fundamentals are in place.”
By publishing Proof of Reserves on a monthly basis, Phemex provides a verifiable view of platform solvency and reserve support. The April 2026 update continues this practice, supporting greater accountability and measurable transparency in the digital asset ecosystem. Continued investments in infrastructure, system stability and user experience aim to ensure that traders can manage assets, execute trades and access funds in a frictionless manner.
About Phemex
Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading and wealth management products designed to prioritize user experience, transparency and innovation. With a forward-thinking approach and commitment to user empowerment, Phemex offers trusted tools, inclusive access, and evolving opportunities for merchants of all levels to grow and succeed.
For more information, visit: https://phemex.com/
