Tuesday, 02 January 2024 12:17 GMT

Phemex Reinforces Institutional Safety With 100%+ September Reserves


(MENAFN- GlobeNewsWire - Nasdaq)


APIA, Samoa, Sept. 03, 2026 (GLOBE NEWSWIRE) --

Phemex, a user-first crypto exchange, has released its latest Proof-of-Reserves (PoR) SUI, SOL, and AVAX.

In an era where "Trust through Visibility" has become the primary requirement for global traders, Phemex' s September audit showcases a robust collateralization framework. The platform reported a 104% reserve ratio for Bitcoin (BTC) and a 121.50% ratio for Ethereum (ETH). Most significantly, the report highlights massive over-collateralization in high-velocity assets, with SUI at 196.04%, AVAX at 167.66%, and XRP at 153.55%. These figures represent an institutional-grade safety margin, ensuring that every user's asset is not only backed 1:1 but is supported by a significant capital buffer.

“At Phemex, we view Proof-of-Reserves not as a periodic checkbox, but as the foundational operating layer of our AI-native evolution,” said Federico Variola, CEO of Phemex.“As we move into the final quarter of 2026, the market demands more than just solvency; it demands evidence of absolute resilience. By maintaining nearly 200% reserves for assets like SUI, we are providing a secure environment where professional strategy trading can thrive without the shadow of counterparty risk.”

The September PoR report utilizes Phemex' s sophisticated Merkle-tree verification system, allowing its 10 million global users to independently audit the solvency of their holdings in real-time. This level of transparency is a critical component of the platform's "Strategy-driven · System-powered" philosophy, ensuring that as Phemex scales its TradFi and AI-driven offerings, the underlying infrastructure remains the most transparent in the industry.

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:

Phemex Team
...

For more information, please visit:

Publication Partner: ZM Newswire - Powered By Zeest Media


MENAFN03092026004107003653ID1111619139



GlobeNewsWire - Nasdaq

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story