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On Feb. 22, cryptocurrency swap MEXC World launched its proof-of-reserves (PoR) snapshot after Forty five days of testing. In a doc viewed by Cointelegraph, MEXC claims its reserve ratios for Tether (USDT), USD Coin (USDC), Bitcoin (BTC), and Ether (ETH) were 120.70%, 240.18%, 116.50% and 110.fifty three%, respectively, during the Merkle tree procedure.
As of the date of the snapshot on Feb. 10, MEXC held 232.4 million USDT, 33 million USDC, 1,869 BTC and 12,472 ETH in custodied person sources. Meanwhile, the total sources held within MEXC wallets for the four cryptocurrencies were 280.6 USDT, seventy nine.4 million USDC, 2177.5 BTC, and 13,785.6 ETH. A spokesperson for MEXC told Cointelegraph:
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