BTCC, the world’s longest-operating cryptocurrency exchange, has released its Proof of Reserves (PoR) report for April 2025, showcasing an impressive 161% total reserve ratio. This move underscores BTCC’s continued commitment to transparency and the security of user funds.
The PoR report, dated April 15, 2025, reveals that BTCC’s reserves exceed the 100% threshold across several key cryptocurrencies, ensuring users’ assets are not only fully backed but over-collateralized:
- Bitcoin (BTC): 165%
- Ethereum (ETH): 160%
- Ripple (XRP): 135%
- Tether (USDT): 162%
- USD Coin (USDC): 142%
- Cardano (ADA): 166%
Alex, the Head of Operations at BTCC, commented on the release: “The release of our Proof of Reserves report is a natural extension of BTCC’s foundational principles of transparency. We’re committed to increasing transparency around user assets and reinforcing our vision of making cryptocurrency trading reliable and accessible to everyone.”
A reserve ratio greater than 100% indicates that BTCC not only ensures full backing of user assets but also holds more assets in custody than the total amount owned by all users combined, providing an extra layer of security.
The Proof of Reserves audit process ensures exchanges meet a minimum 1:1 backing of all user funds. BTCC utilizes the Merkle Tree cryptographic tool, a widely accepted standard, for its PoR. Users can verify their assets are securely backed by accessing the latest Merkle root hash on the BTCC website.
This PoR release aligns with BTCC’s ongoing efforts to set a new standard of transparency within the industry. The exchange plans to release PoR reports monthly, providing users with consistent verification of asset security and reinforcing BTCC’s commitment to accountability and trust.
Having operated without a security breach since its inception in 2011, BTCC celebrates 14 years of impeccable service this year. This PoR report further solidifies the exchange’s reputation as a secure and reliable platform for cryptocurrency trading.
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