Phemex August Proof of Reserves Report Shows Excess Reserves Across All Covered Assets

Phemex, a user-first cryptocurrency exchange, has released its August 2026 Proof of Reserves (PoR) report. The report confirms that Phemex's reserves exceeded customer balances across all eight assets covered by the latest snapshot.

The August report recorded an average reserve ratio of 138.39%, with every included asset remaining above the 100% full-backing threshold. Among the major assets covered, Phemex reported reserve ratios of 116.81% for BTC, 121.64% for ETH, and 150.01% for SOL.

Federico Variola, CEO of Phemex, commented on the report: 'Proof of Reserves is most valuable when users can independently review the figures and verify that their own balances have been included through our Merkle tree-based verification system.'