Overview
On September 9, 2025 at 02:14 UTC, CoinEx released its latest Proof of Reserve report confirming a 100% reserve ratio for all customer deposits across supported assets. The disclosure covers snapshots taken on September 8, 2025 at 07:00 UTC and reflects on-chain holdings relative to total customer liabilities. CoinEx emphasized that every user’s funds are fully backed, with no use of customer assets for operational or lending activities.
Reserve Details
- CET: 118.76% backing of customer liabilities
- USDT: 108.46% backing
- USDC: 113.66% backing
- BTC: 101.3% backing
- ETH: 100.05% backing
- DOGE: 100.16% backing
Total on-chain assets held in CoinEx wallets amounted to USD 803,652,059.88. These figures underscore CoinEx’s policy of over-collateralization for key tokens, ensuring that asset reserves exceed user claims.
Historical Commitment
Since its foundation in 2017, CoinEx has adhered to a policy of 100% reserves. The exchange instituted biweekly public audits beginning in mid-2021, publishing cryptographic proofs including Merkle root fingerprints and auditor signatures. CoinEx noted that this practice distinguishes it from many peers and aims to foster trust amid periodic market stress events.
Security and Verification
To validate on-chain balances, CoinEx engaged an independent audit firm specializing in blockchain forensics. The auditor cross-referenced deposit contract addresses, withdrawal addresses, and hot/cold wallet inventories. Users can verify their individual balances against the published Merkle tree via CoinEx’s Proof of Reserve portal, accessible through the official website.
Industry Context
Proof of Reserve has emerged as a key transparency measure following high-profile exchange collapses. Several major platforms have adopted similar audits, though approaches vary in frequency and scope. CoinEx’s report comes ahead of anticipated regulatory requirements in major jurisdictions mandating periodic proof of asset backing.
Looking Ahead
CoinEx plans to continue its twice-weekly audit cadence and expand reserve coverage to newly listed tokens. The platform also intends to integrate on-chain proof generation into its API for real-time balance verification. By adhering to rigorous transparency standards, CoinEx aims to differentiate itself in a crowded exchange landscape and bolster user confidence during volatile market conditions.
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