MEXC, a global cryptocurrency exchange known for its user-first approach and zero-fee trading, has released its latest independent Proof of Reserves (PoR) report. The audit, conducted by blockchain security firm Hacken, confirms that MEXC holds sufficient on-chain assets to fully cover all user liabilities. Coverage ratios for major assets, including BTC, ETH, USDT, and USDC, consistently exceed 100%, reinforcing the exchange's commitment to user fund safety. The report was completed on November 26, 2025.
Hacken performed a comprehensive evaluation of MEXC’s reserves using industry-standard methodologies. This included Proof of Liabilities, Proof of Ownership, reserve sufficiency calculations, and Merkle-tree verification. MEXC's Proof of Reserves framework aggregates anonymized user balances and maps them to publicly verifiable on-chain holdings, allowing for independent validation of solvency without compromising user privacy. The auditor verified that MEXC maintains operational control over all assessed wallets and confirmed that user balances are fully backed by the reviewed assets.
Audit Scope and Methodology
The audit covered a wide range of blockchain networks, with reserve wallets identified across Bitcoin, Ethereum, Solana, TON, Tron, BNB Chain, Arbitrum, Optimism, Avalanche-C, Base, Polygon, Aptos, and Sui. The report provides detailed breakdowns of wallet addresses, their balances, and the distribution of assets. A final reserve ratio table confirms that each major asset class is supported by reserves exceeding its liabilities.
Hacken's Proof of Ownership procedures involved reviewing outbound transactions from selected addresses to validate the integrity of the Merkle-tree structure used for computing user liabilities. These transparency measures are supported by MEXC’s continuously updated Proof of Reserves framework and an independently maintained protection system. This system provides users and counterparties with verified confirmation of reserve coverage, strict asset segregation, and real-time fund accessibility.
Management and Auditor Statements
“At MEXC, we are fully committed to transparency and security, and this report once again demonstrates our unwavering dedication to 100% user fund safety. Independent Proof of Reserves audits are now a continuous, core standard practice within our operational framework. We will continue working with established auditing firms such as Hacken to ensure our users have verifiable assurance that their assets are fully backed.”
— Vugar Usi, COO of MEXC
Hacken concluded that MEXC's reserve structure demonstrates full solvency, including the accounting of off-exchange obligations. The report highlighted the proper implementation of the PoR methodology, the quality of the provided data, diversified asset holdings, and the exchange’s high level of responsibility towards its users.
“We’ve seen increased transparency demand in the crypto industry over the past year, and the results of MEXC’s audit reflect this shift. Our audit confirmed that the exchange has sufficient asset reserves and a clear reserve management structure. In an environment where trust is built only through verifiable data, MEXC demonstrates its willingness to operate transparently and back up its commitments with facts, not words.”
— A spokesperson for Hacken
Hacken further emphasized that the audit results serve as a testament to the responsible financial management practices employed by MEXC, as well as the company’s dedication to transparency and accountability.
Commitment to Transparency and Industry Standards
Regular Proof of Reserves audits are a central part of MEXC’s long-term strategy to enhance trust and elevate industry standards. As global demand for accountability and compliance in cryptocurrency trading increases, verified reserve transparency has become crucial for building user confidence and demonstrating financial resilience. The release of this latest independent audit by Hacken reinforces MEXC's position as a benchmark for trust, transparency, and resilience within the global crypto ecosystem.
About MEXC
Founded in 2018, MEXC is dedicated to being "Your Easiest Way to Crypto." Serving over 40 million users across more than 170 countries, MEXC is recognized for its extensive selection of trending tokens, daily airdrop opportunities, and low trading fees. The exchange's user-friendly platform is designed to accommodate both novice traders and experienced investors, providing secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, aiming to make crypto trading more accessible and rewarding.
About Hacken
Hacken is a blockchain security auditor focused on enhancing the safety of Web3. With a team of over 60 certified engineers, Hacken offers comprehensive security solutions, including smart contract and protocol audits, bug bounty programs, and security assessments. Since its inception in 2017, Hacken has worked with more than 1,500 Web3 projects, contributing to the advancement of blockchain security standards.