Phemex October Proof of Reserves Report Shows 131.36% Average Reserve Ratio

APIA, Samoa, (ZM Newswire) October 5, 2026 — Phemex, a user-first crypto exchange, published its October Proof-of-Reserves (PoR) report, confirming that all eight covered assets remained fully backed, with an average reserve ratio of 131.36%.

The October snapshot shows reserve ratios above 100% across every covered asset. Bitcoin (BTC) recorded a reserve ratio of 103.13%, Ethereum (ETH) 123.79%, and USD-denominated assets 100.60%. Solana (SOL) stood at 141.42%, Avalanche (AVAX) at 143.43%, and TRON (TRX) at 123.86%, while XRP and SUI recorded the highest ratios at 157.03% and 157.58%, respectively.

“Proof of Reserves should give users a clear picture of how assets are backed at a given point in time,” said Federico Variola, CEO of Phemex. “October’ s data shows full coverage across every reported asset, with additional reserves maintained across the portfolio.”

Phemex publishes Proof of Reserves on a recurring basis to provide visibility into the relationship between customer liabilities and assets held by the exchange. Through its Merkle tree-based verification framework, users can independently confirm that their balances are included in reported liabilities while preserving account-level privacy.

The October report continues Phemex’ s regular reserve disclosures, providing users with a consistent way to track reserve coverage over time as customer balances and asset composition change.

Phemex continues to strengthen its custody, risk management, and operational infrastructure while maintaining regular Proof of Reserves reporting as part of its broader approach to asset protection and transparency.

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 a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

For media inquiries, please contact: media@phemex.com

For more information, please visit: https://phemex.com/

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