MEXC released its October proof-of-reserves report showing Bitcoin coverage at 294%, the highest among four listed assets, followed by Tether at 122%, USD Coin at 115%, and Ether at 111%. All ratios exceed 100%, indicating reserves surpass liabilities. However, the report does not specify the balance snapshot date, making direct comparison with September's figures difficult. The September report used a snapshot from September 10, while the October report lacks a cutoff date. The report includes Merkle Tree verification for user balance checks and a solvency assessment by Hacken with no issues found. Proof-of-reserves provide a point-in-time view and are not equivalent to full financial audits.
The story on MEXC's October Bitcoin reserve coverage provides context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 17, 2026 01:31 WIB: out of 50 major cryptocurrencies, 19 rose and 30 fell today. Notable movers include XTZ at Rp5.512 with a -4.16% change, CAKE at Rp38.400 down 4.00%, and CRV at Rp6.181 down 3.93%.
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