MEXC enhances its transparency efforts by expanding its partnership with blockchain security company Hacken to implement monthly Proof-of-Reserves audits (PoR) verified independently by a third party. These audits provide an additional layer of external verification that cannot be internally modified, supplementing MEXC's existing Merkle tree-based PoR system. Starting from the end of November, Hacken will independently release each report, comparing MEXC's reserves with user balances across major assets.
MEXC states that their reserve ratio is always above 100%, and users can verify their balance through a dedicated PoR verification page. The Merkle tree mechanism allows for authentication through hash codes without disclosing personal data. Hacken is an experienced unit in security and compliance, having worked with over 1,500 organizations. Established in 2018, MEXC currently serves over 40 million users in more than 170 regions and is among the exchanges with the largest trading volumes.
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