CoinEx, a prominent global cryptocurrency exchange, disclosed their reserve statistics on December 26, 2023. CoinEx’s decision aims to showcase its dedication to openness and security, while also fostering trust among its users.
Based on the most recent statistics, CoinEx is upholding a reserve ratio of 100% for all prominent cryptocurrencies, such as BTC, ETH, USDT, USDC, and CET. For each dollar of assets placed by users, CoinEx maintains a minimum reserve of one dollar to guarantee sufficient money for meeting user withdrawal demands and safeguarding user assets.
CoinEx employed a Merkle Tree data structure to cryptographically secure user assets and publicly disclosed the aggregate value of all users’ assets. Every CoinEx user has the ability to verify if the assets in their accounts have been included into the Merkle Tree, which serves as a means to confirm the accuracy and integrity of the data.
Releasing reserve data is a crucial measure for CoinEx to establish confidence with consumers. CoinEx has exhibited its dedication to offering a secure and transparent trading environment for users notwithstanding the security difficulties encountered by the cryptocurrency sector.
CoinEx implements a range of robust safeguards to ensure the security of assets.
CoinEx not only provides clear reserve data, but also executes many comprehensive asset security measures.
Disclaimer: This article is edited from the press release of CoinEx. Please do your own research before taking any action, we are not responsible for your investment decisions.